Latest results from CERES/NA45

In this talk latest results from the analysis of e+e- pairs emitted in Pb+Au collisions at 40 AGeV/c and a combined analysis of all data available at 158 AGeV/c are presented. The enhancement of low-mass e+e- pairs (m_ee>0.2 GeV/c^2) with respect to the expected yield from hadron decays first reported at 158 AGeV/c is also found at 40 AGeV/c and is even larger there. Comparing to various theoretical models based on pi-pi-annihilation, the data can only be reproduced, if the properties of the intermediate rho in the hot and dense medium are modified. Theoretically, the modification is linked to baryon density rather than temperature. Constraints from hadron data taken at the same beam energies indeed indicate a fireball evolution along a trajectory of higher baryon density at 40 AGeV/c, consistent with the observed larger enhancement factor.