In response to geopolitical tensions, Ethereum (ETH) has demonstrated resilience, reclaiming the $2,400 level. This recovery follows a dip below $2,200, triggered by market panic.
Currently, Ethereum is trading around the key $2,444 resistance level, a crucial zone for potential bullish continuation. Analysts are closely watching to see if ETH can maintain momentum above this threshold.
The "Pectra" upgrade, expected in mid-2025, aims to enhance Ethereum's scalability and functionality. The transition to proof-of-stake has already reduced energy consumption by over 99%.