Ethereum Rally Faces Heat at Key $2.5K Resistance

Ethereum has shown renewed strength following the recent Pectra upgrade, with on-chain data signaling a $3.8B capital inflow. However, technical indicators suggest that the market may be overheating as ETH flirts with the psychologically crucial $2.5K level. Realized Cap Rising On-chain data from Glassnode reveals a notable recovery in Ethereum’s fundamentals following the recent Pectra upgrade.  https://twitter.com/glassnode/status/1924778922278822239 Between May 7 and May 19, Ethereum’s Realized Capitalization, a metric that reflects the total capital held within the asset, rose from $240.8 billion to $244.6 billion.  This $3.8 billion increase marks a 1.6% rise and, more importantly, breaks a three-month-long downtrend

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