Ethereum Is Struggling to Climb Higher
Ethereum (ETH) is up 1.9% this week to $1,839, modestly outperforming Bitcoin (BTC), which is gaining just 0.9% to $95,100. Crypto markets remain in a gradual upward trend, but lack a decisive catalyst to spark a stronger breakout.
Potential triggers—such as progress in U.S.–China trade negotiations or a Federal Reserve interest rate cut—remain largely speculative. While rate cuts are unlikely in May, signs of easing trade tensions could inject the needed momentum for broader crypto gains.
Ethereum is offering its own internal boost: the Ethereum Foundation's leadership restructuring, announced by Vitalik Buterin, has been well received. Moreover, the upcoming Pectra upgrade expected in May is building anticipation. However, these developments alone may only be enough to push ETH toward the $2,000 resistance—not through it. A stronger external push is still required to sustain a breakout.
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