The activity level of the Ethereum Layer 2 network continues to rise, with a stable growth in the number of user addresses, which is beneficial for enhancing the performance and scalability of Ethereum, providing certain support for its price.



On May 7th, Ethereum will launch the Pectra upgrade, which is a merger of the Prague and Electra upgrades. The upgrade may bring optimizations and improvements to the network, affecting the market's expectations for Ethereum.

However, Ether also faces some uncertainties. If it cannot hold the support zone of $1750 - $1770, it may bring ETH back to $1600 or even $1450, especially when trading volume dries up and macro sentiment turns negative.
ETH4,25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)