Ethereum Targets $1,950 as Pectra Upgrade Boosts Market Momentum

By: bitcoin ethereum news|2025/05/09 01:01:31
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Ethereum’s price surges 5.22%, reaching $1,935 with strong market momentum. Analyst Ali identifies key $1,860 resistance, crucial for Ethereum’s next bullish move. Ethereum’s price has increased by 5.22% in the last 24 hours, with the current price at $1,935. The cryptocurrency’s market capitalization reached $234 billion, reflecting its strong market position. Over the past day, Ethereum experienced a low of $1,789 and a high of $1,945, indicating robust price movement. This surge follows a notable rally, driven by positive market sentiment. Ethereum’s price climbed from below $1,850 to its current levels, signaling a bullish market trend. With this price increase, trading volume surged by 24.78%, reaching $20.28 billion, suggesting active market participation. Analyst Ali Highlights Key $1,860 Resistance for Ethereum’s Next Move Crypto analyst Ali pointed out that Ethereum is encountering significant resistance at the $1,860 mark, where 4.54 million wallets hold a total of 5.58 million ETH. This concentration of holdings suggests that many investors may be looking to sell or take profits at this critical price point. Ethereum could trigger a strong bullish momentum if it breaks through this resistance. However, if the price fails to break through, it may result in a pullback. Ali emphasizes that overcoming this resistance is crucial for Ethereum to maintain its upward trajectory and avoid further consolidation. Pectra Upgrade Goes Live with Major Enhancements Ethereum’s Pectra upgrade was successfully deployed at epoch 364032, around 10:05 GMT. After several delays and testnet challenges, the upgrade introduces changes from eleven Ethereum Improvement Proposals (EIPs) to the mainnet. Pectra is Ethereum’s most ambitious upgrade since The Merge in August 2022, which transitioned the network from Proof-of-Work to Proof-of-Stake. This upgrade follows the Dencun update in March 2024, which activated EIP-4844’s proto-danksharding, known as “blobspaces.” These changes are expected to improve Ethereum’s scalability and efficiency, paving the way for better network performance. Ethereum Targets $$1,950 with Strong Bullish Momentum Ethereum’s technical chart highlights key indicators that suggest continuing its bullish trend. The Bollinger Bands show Ethereum nearing the upper band, indicating increased volatility. If Ethereum surpasses this resistance, it could target the next price level around $1,950. The MACD, a key momentum indicator, shows a positive outlook, with the MACD line above the signal line, supporting the bullish trend. The histogram also indicates growing bullish momentum, with a value of 5.81. On the downside, the key support level is near the lower Bollinger Band at $1,926. A break below this level could lead Ethereum to test the $1,900 mark. However, the strong momentum suggests that Ethereum’s most likely target in the short term could be the $1,950 range if the upward trend persists. Source: https://thenewscrypto.com/ethereum-targets-1950-as-pectra-upgrade-boosts-market-momentum/

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LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

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LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

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