Remember the phrase – be afraid if others are greedy and greedy when others are afraid? Well, there is a similar understanding in the cryptocurrency room because certain assets tend to do the opposite of what the crowd expects from them.
It has been Ethereum in the last few weeks (may -so -moon), as the property has gained a spectacular since its $ 1,400 lowest lowest.
The opposite of trade in the ether
It was the beginning of April 7 and 9. US President Donald Trump created tariffs left and right, and essentially every country got some. Fear spread rapidly, financial markets dived and hope was not found anywhere. Sounds like a distant past, right?
There is a lot to change in the moon and the cryptocurrency room certainly proved that it is true again. Ethereum became a ridiculous stock at one point during this massacre, as its price had fallen by more than 60% after December/January. In fact, ETH not only deleted after the start of the bull cycle all the profits, but actually traded much lower than before the US elections.
It had fallen to $ 1,400, at a level that was not seen since the beginning of 2023. The FUD went crazy, with different units, whales and even retail sales.
In general, however, this is the most profitable financial options. This seems to be valid for ETH, as its price increased to almost $ 2,500 earlier today. Or otherwise – an 80% increase per month. The last 24 hours have been particularly favorable as ETH jumped over 25%at one point.
And much of these profits came after the last upgrade – Pectra, which was first seen as a disappointment. According to Santiment, ETH just “gave an example of a textbook on how to be a contract for retail control.”
Ethereum has given an example of a textbook on how to be against retail. After yesterday, many merchants sold their ETH bags after yesterday's Pectra version update and ordered others to do the same in favor of a variety of … pic.twitter.com/abiqtfnpkw
– Santiment (@santimentfeed) May 8, 2025
Higher resistance
Popular crypto analyst Ali Martinez noted yesterday, while ETH tried to break out that the property is now fighting to overcome the “important level”, which determines whether this rally has actual substance or can prove to be fake.
In the following hours, the second largest cryptocurrency rose above it and stay evenly there, although the ETH run was stopped (at least for now) at $ 2,500.
This is a very important level #Therum $ Ethh!! pic.twitter.com/c0pwvssyy3
– Ali (@ali_charts) May 9, 2025
In the meantime, you can check the latest ETH price forecasts here.
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