đź‘€Possible scenario:
Ether fell over 4.5% to $2,380 on May 19, in line with a broader 1.4% crypto market drop to $3.25T. Despite the decline, ETH led inflows with $205M last week, boosted by optimism around the Pectra upgrade and new co-director Tomasz Stańczak.
Meanwhile, Vitalik Buterin proposed a “local-first” model to ease Ethereum node operation by reducing the 1.3TB data load, supporting decentralization. The move aligns with Ethereum’s scaling efforts, as debates grow over its AI potential, token oversupply, and Layer-2 value leakage.
âś…Support and Resistance Levels
Support level is now located at 2,300.00.
Now, the resistance level is located at 2,695.00.
Ether fell over 4.5% to $2,380 on May 19, in line with a broader 1.4% crypto market drop to $3.25T. Despite the decline, ETH led inflows with $205M last week, boosted by optimism around the Pectra upgrade and new co-director Tomasz Stańczak.
Meanwhile, Vitalik Buterin proposed a “local-first” model to ease Ethereum node operation by reducing the 1.3TB data load, supporting decentralization. The move aligns with Ethereum’s scaling efforts, as debates grow over its AI potential, token oversupply, and Layer-2 value leakage.
âś…Support and Resistance Levels
Support level is now located at 2,300.00.
Now, the resistance level is located at 2,695.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.