Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves
After a rough couple of months, data suggests that traders are finally becoming comfortable with ETH’s current valuation.
Key takeaways:
Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return.
The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions.
