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The Ethereum price surged 5% in the last 24 hours to trade at $2,336.3 as of 11:24 p.m. EST on trading volume that rose 7% to $41.7 billion.
ETH has been in a continued uptrend, pumping 38% in the last two days, on the heels of the Pectra upgrade, which analysts and developers say is the most ambitious upgrade the network has ever implemented.
$ETH is finally moving… and this time, it’s not because of ETFs, macro, or meme rotations.
The real reason behind this week’s pump i believe could be due to Pectra.
Here’s why;
The upgrade quietly went live on May 7, and it’s lowkey one of the biggest Ethereum improvements in…
— Axel Bitblaze 🪓 (@Axel_bitblaze69) May 8, 2025
Pectra is poised to improve the network’s user experience, scalability, and staking flexibility.
The surge also comes after US President Donald Trump signed a US-UK trade deal on Thursday.
Bitcoin soared past the $100k mark to record a 7% gain in the past week, well short of Ethereum’s 30% pump.
Ethereum Price Poised For A Sustained Rally – Hints At A 12% Potential Surge
The ETH price has recently completed a breakout from a prolonged falling channel pattern that spanned from mid-January to late April 2025.
This bearish structure had kept the Ethereum price suppressed below the 50-day and 200-day Simple Moving Averages (SMAs). ETH has now crossed above the 50-day SMA ($1,795), but still remains below the 200-day SMA ($2,699), which now acts the immediate resistance level.
The breakout above the channel has been decisive, accompanied by a sharp surge that pushed the price of ETH past the $2,100 resistance zone. This rally indicates a potential trend reversal from bearish to bullish, with the price of Ethereum currently consolidating just above $2,300.
Meanwhile, the Relative Strength Index (RSI) has entered overbought territory at 80.42, indicating strong bullish pressure but also hinting at a possible short-term pullback.
Moreover, the Moving Average Convergence Divergence (MACD) confirms bullish momentum, with the blue MACD line (63.18) well above the orange signal line (50.34) and strong histogram bars continuing to rise.
Given the breakout from the downward channel and the momentum indicators supporting further upside, ETH appears to be targeting the next significant resistance near the 200-day SMA at $2,699, a 12% surge from the current price.
ETH/USDT Chart Analysis (Tradingview)
However, the overbought RSI suggests the Ethereum price may first retest the $1,800 level, which acts as a cushion against downward pressure.
Meanwhile, traders are rushing to buy a new AI agent crypto carrying the PEPE brand that’s called MIND of Pepe (MIND).
There are less than 21 days left in its presale and 99Bitcoins, a popular crypto channel on YouTube with over 724K subscribers, says MIND has the potential to soar 20X after its launch.
MIND Of Pepe Presale Amasses Over $8.9 Million – Less Than 21 Days Left
MIND of Pepe is a self-evolving artificial intelligence (AI) agent that has captured the attention of the crypto community as it soars toward $9 million in presale.
The breakthrough project combines advanced AI with blockchain technology to redefine how traders navigate the complex crypto market. Built on Ethereum, MIND’s AI agent is capable of learning, analyzing, and interacting autonomously online.
One if its standout features is its ability to spot emerging trends on social media platforms like ‘Crypto Twitter’, before they gain widespread recognition. It then sends its insights to MIND holders through token-gated groups.
The AI agent goes beyond passive observation and actively interacts with key individuals, platforms, and communities to influence the market.
MIND of Pepe AI agent is coming to X — May 10th 🔥
We’re proud to announce that MIND of Pepe, our autonomous AI agent, goes live on May 10th.
This isn’t a trading bot. MIND is a purpose-built intelligence system that ingests and cross-validates real-time data from across the… pic.twitter.com/rEuMsWKLu8
— MIND of Pepe (@MINDofPepe) April 23, 2025
Today is a huge day for the project with MIND set to launch its AI agent. It means investors won’t have to wait until after the presale to tap into the model’s market insights.
MIND holders also have the opportunity to stake their tokens for a stratospheric 253% annual percentage yield (APY).
MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website. This is the last chance to buy before MIND goes live in less than 21 days.
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