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Musk: To Host X Livestream on Next Tuesday on the Topic of "Achieving Interplanetary Life"

Musk: To Host X Livestream on Next Tuesday with the Theme of "Achieving Interplanetary Life"

This week, the crypto market experienced major shocks. Bitcoin exploded, reaching a new all-time high of over $110,000. This record dominated all attention. Yet, in the shadow of this giant, Ethereum also regained momentum. Despite performances far from its past peaks, the world’s second largest crypto has shown strong signs of an imminent awakening. Its development now raises many questions about its future in this ever-changing universe. The spectacular Bitcoin rally raises a key question: will altcoins take over? BTC’s rise creates an electrifying atmosphere. Especially since some major altcoins, like Ethereum, are beginning to outline interesting trajectories . Investors, often cautious, watch these movements with prudence but also curiosity. After a long period of stagnation, interest is returning to high-potential cryptos. Kyle Doops, a recognized market figure, emphasized: Ethereum finally showed signs of life. After lagging throughout the cycle, it recorded a 50% jump from $1,800 to $2,700. This surge, coinciding with the Pectra upgrade of May 7, seems to mark a turning point. This technical update enhances the network’s scalability and efficiency, strengthening investor confidence. The market remains volatile, however. Ethereum, after reaching peaks near $2,700, recently corrected, positioning around $2,550 at the time of writing. This technical pause doesn’t detract from the strength of the bullish move. This crypto has never been so closely watched. Technical analysis based on Elliott theory sheds light on Ethereum’s path. This method divides price movements into five impulsive waves, followed by corrections. Since the low of April 9, 2025 at $1,385, Ethereum has evolved according to this structure. The first three waves were successfully crossed, especially the extended third wave, peaking at $2,738.90. Waves four and five illustrate typical corrections and relaunches. Wave four formed a complex double three, oscillating between $2,478.80 and $2,405.20. Since then, Ethereum has progressed in the final wave, with a series of internal movements suggesting the continuation of the rise. This instructive reading helps understand why, despite some pullbacks, the trend remains clearly optimistic. As long as the support at $2,405 holds, the crypto keeps its chances of surpassing its historic resistances. This theory provides traders a reassuring framework to anticipate upcoming moves. Ethereum is more than just a digital asset: it is a platform for innovation. Its future in crypto rests on several solid indicators and landmark events. Despite a recent decline to $2,550, Ethereum maintains a strong position in the race. Its ability to regain key levels shows the crypto is attracting capital again. ETH has even outperformed BTC in relative momentum for several weeks now. Nehal’s tweet sums up this dynamic well: Ethereum has surpassed a major horizontal resistance and turned it into support. Technical indicators are encouraging. An acceleration is likely in the coming weeks. The Ethereum blockchain, a historic driver of the crypto revolution, could well defy all predictions . Arthur Hayes, former CEO of BitMEX, reassures that Ethereum is positioned for a strong renewal, with potential greatly underestimated by the markets. This project remains the epicenter of decentralized innovations, and its future promises to be full of surprises.

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