Technical analysis by moonypto about Symbol ETH: Buy recommendation (5/9/2025)

“ Pectra is for the people. for years, upgrades made Ethereum work better. Pectra makes Ethereum feel better ” -EthOrgIf you’re yet to explore the changes Pectra brought to Ethereum, lemme catch you upPectra means fewer clicks to get things done onchain, smarter wallets, cheaper transactions, cleaner staking and in practice, all of that looks a little something like this:1/ Less clicks per actionNo more double signing every time you want to take an action onchain, and no more of those dreaded "approve + confirm" loops that make you want to throw your phone at a wall.2/ All pre existing Ethereum wallets are now ‘Smart Wallets’That means you can now batch transactions, skip approval popups, pay fees in any ETH-based token, run conditional payments (e.g. “Pay only if X happens first”), and sponsored transactions (i.e. third-party apps can cover your gas fees).3/ Cheaper transactionsMore data storage is being made available for transaction records, which will result in better scaling for L2s, and lower costs for users (especially when there’s a lot of traffic onchain).4/ Cleaner stakingValidator caps just went from 32 to 2048 ETH (enabling reward compounding and more flexibility to stake larger amounts without needing multiple validator setups)Staking deposits just got quicker (meaning you start earning rewards sooner)The staking withdrawal process can now be managed by smart contracts (making the process more customizable and efficient) but honestly, why read about it when you can open up your Ethereum wallet and actively experience the changes! Burn the Boats Ethereum pumped over 20% since I said Burn the Boats and the 24h vol passed 50 billion dollar, so lets see whats going on with Eth and wen its time to buy a new Lambo! why we pump ? wellFirst, stablecoin supply is on the rise, which usually signals fresh capital flowing into crypto markets. It’s a bit like dry powder waiting to be deployed, and right now, ETH seems to be the target. Traders are rotating out of sidelines and back into risk on assets Ethereum being top of mind.Second, short sellers are getting squeezed. As ETH pushes higher, those who bet against it are being forced to buy back in, further accelerating the price move. It's the classic domino effect: one short covers, then another, and suddenly the momentum feeds on itself.Third, ETH is showing some serious resilience. Even with big wallets (whales) cashing out and whispers of coordinated selling attempts, the price is holding strong. That kind of bounce back speaks to solid underlying demand.Technical indicators are flashing green, too. MACD is hinting at bullish momentum, and CRSI shows things are a bit overheated which could mean short-term volatility, but also confirms that momentum is real.ETH is riding a combo of renewed investor interest, short squeezes, and hype around future catalysts. It's a bullish cocktail though it’s always smart to watch for pullbacks after big moves like thisAlt szn just got started, which coin you load now and why ?BlackRock files to allow in kind redemptions for its Ethereum Trust, enabling direct ETH buybacksOver the past month, more than 1 million ETH have been withdrawn from centralized exchanges, which accounts for approximately 5.5% of the total ETH held on these platforms. This trend suggests that users are increasingly choosing to accumulate Ethereum rather than trade it