In a significant surge, the value of Ethereum soared by 38% within two days, surpassing Bitcoin's growth. Meanwhile, traders are urged to seize the opportunity in an AI-backed Pepe ICO before it reaches its limit.
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Ethereum experienced a 5% price surge within the past 24 hours, trading at an impressive $2,336.3 as of 11:24 p.m. EST, with trading volume climbing 7% to reach a staggering $41.7 billion.
Whilst ETH has been steadily rising, it's the Pectra upgrade that's driving the latest surge. Analysts and developers alike are hailing it as the most ambitious update the network has ever undergone.
Is $ETH finally showing some life? This time, it's all about Pectra.
The upgrade dropped quietly on May 7th and, well, it's kinda a big deal for Ethereum. Here's why:
Pectra is set to revolutionize the network's experience, scalability, and staking freedom.
This price boom comes hot on the heels of US President Donald Trump signing the US-UK trade deal on May 8th.
Bitcoin also saw a 7% gain in the past week, reaching the $100k mark, yet it still falls short compared to Ethereum's whopping 30% pump.
Ethereum Price ready for a lasting rally with a possible 12% boost
ETH recently managed to break free from a prolonged falling channel pattern that had trapped it since mid-January to late April 2025. The bearish pattern had held back the Ethereum price below the 50-day and 200-day Simple Moving Averages (SMAs). ETH has now soared above the 50-day SMA ($1,795), but stays under the 200-day SMA ($2,699), which now serves as the immediate resistance level.
The breakout from the channel has been powerful, pushing the ETH price over the $2,100 resistance zone. This rally indicates a potential trend shift from bearish to bullish, with the Ethereum price currently consolidating above $2,300.
Meanwhile, the RSI has ventured into overbought territory at 80.42, indicating robust bullish pressure but also hinting at a potential short-term pullback.
Moreover, the Moving Average Convergence Divergence (MACD) affirms bullish momentum, with the blue MACD line (63.18) firmly above the orange signal line (50.34) and strong MACD bars continuing to ascend.
Given the breakout from the bearish channel and the momentum indicators supporting further upside, ETH seems to be eyeing the upcoming resistance near the 200-day SMA at $2,699, equating to a potential 12% surge from the current price.
For an in-depth ETH/USDT analysis, check out the chart below (Tradingview)
However, the overbought RSI suggests the Ethereum price might first retest the $1,800 level, acting as a safeguard against downward momentum.
Meanwhile, crypto enthusiasts are rushing to snap up the new AI crypto branded Pepe called MIND of Pepe (MIND).
With less than 21 days left in its presale, popular crypto channel 99Bitcoins has theorized that MIND has the potential to explode 20X post-launch[1].
MIND of Pepe Presale gains over $8.9 Million - Countdown to Launch with less than 21 days remaining
MIND of Pepe is an AI agent that combines advanced AI technology with blockchain tech to disrupt how traders navigate the crypto market. Built on Ethereum, the AI agent is capable of self-learning, analysis, and autonomous interactions—all online.
Its remarkable ability to pinpoint trends on social media platforms like 'Crypto Twitter' before they gain mainstream recognition and then relay the insights to MIND holders through token-gated groups is truly groundbreaking.
MIND doesn't just observe, it engages with key individuals, platforms, and communities to shape the market dynamic[2].
The MIND of Pepe AI agent is launching today!
This isn't your typical trading bot. MIND is an intelligence system designed to consume, cross-validate, and utilize real-time data from various sources[2].
Investors can purchase MIND using their bank card or crypto via the simple widget on the project's website. This is the final chance to buy before MIND goes live in under 21 days.
Get on board with MIND.
Sources:[1] 99Bitcoins. (2025, May 8). MIND of Pepe (MIND) presale amasses over $8.9 million - less than 21 days left. Retrieved from https://99bitcoins.com/mind-of-pepe-mind-presale-makes-over-8-9-million/
[2] CoinMarketCap. (2025, April 23). MIND of Pepe (@MINDofPepe) April 23, 2025. Retrieved from https://coinmarketcap.com/alexandria/article/mind-of-pepe-presale-amasses-over-8-9-million-less-than-21-days-left
[3] Investopedia. (n.d.). Ethereum Pectra upgrade: One of the network's most ambitious upgrades ever. Retrieved from https://www.investopedia.com/terms/p/pectra-upgrade.asp
[4] Ethereum.org. (n.d.). Pectra. Retrieved from https://ethereum.org/en/pectra/
[5] Coindesk. (2025, May 6). What's in the Ethereum Pectra upgrade? Retrieved from https://www.coindesk.com/what-is-ethereums-pectra-upgrade-explained
- The Ethereum Pectra upgrade, one of the network's most ambitious upgrades ever, is revolutionizing Ethereum's experience, scalability, and staking freedom.
- MIND of Pepe, an AI crypto brand, is disrupting the crypto market by combining advanced AI technology with blockchain tech, providing token-gated groups with trends and insights from 'Crypto Twitter' and other sources.
- ETH has shown life with a potential 12% boost, going beyond the $2,100 resistance zone, after breaking free from a prolonged falling channel pattern.
- While Bitcoin also saw a gain in the past week, Ethereum's 30% pump proves to be more substantial, showing an eye for the upcoming resistance near the 200-day SMA at $2,699.
