Technical analysis by P_S_trade about Symbol ETH on 5/7/2025

The #Ethereum network has successfully activated the #Pectra update, one of the factors that JPMorgan previously called a bullish driver for ETHThe update contains 11 improvements, including: support for smart contracts in wallets (simplified use and recovery, payment of fees in different tokens), an increase in the staking limit to 2048 ETH, optimization of validators and management of withdrawals through smart contracts.All of this should make #Ethereum more convenient, scalable, and accessible.📊 If we look at the ETHUSDT chart, I want to believe that the price will not go below $1500-1600 and this will be the “last carriage” buying zone📈 And then - a smooth “acceleration of a heavy locomotive”, which, let's hope, will reach the $3800 “station” already in 2025._____________________Did you like our analysis? Leave a comment, like, and follow to get more