Ethereum is showing bullish signs with a pennant pattern, while Vitalik Buterin proposes simplifying the protocol for scalability. Analysts predict varied price forecasts for May 2025, with ETH currently trading at $1,824.34.
Ethereum has recently shown signs of a potential breakout as it forms a bullish pennant pattern, sparking interest among traders and investors alike. The digital currency is currently valued at $1,824.34 after a slight increase of 0.02% in the past day. However, trading volume has taken a notable hit, plummeting by 28.49% to around $11.52 billion. Over the last week, Ethereum has experienced a relatively narrow trading range, averaging $1,827.35 yet showing a marginal decline of 1.18%. Technical indicators are hinting at a possible shift in trend, raising expectations.
