Technical analysis by niggy about Symbol ETH: Buy recommendation (5/8/2025)

The Pectra update introduced a new mechanism that burns a portion of the transaction fees, effectively reducing the circulating supply of ETH. This deflationary pressure is expected to have a positive impact on the price, as a decrease in supply, coupled with steady or increasing demand, typically leads to price appreciation. https://ultrasound.money/40000 reached!!!!!!!!!!!