Ethereum holders continue to hold their positions amidst the fluctuating market, demonstrating confidence in the Ethereum ecosystem, which is evident through their decreasing cost basis. Notably, the current ETH price stands at 1,810.63 USD, having dropped recently.
The upcoming Pectra Upgrade on May 7 could provide a boost to ETH prices as it proposes enhancements to staking. Additionally, increased interest in Ethereum ETFs is reflecting a potential positive shift in market sentiment.
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