$ETH
Ethereum (ETH) is currently trading at $3,128.54, with a market cap of $373.02 billion. The price has seen a 1.19% increase in the last 24 hours, driven by its strong performance in the crypto space.
*Key Highlights:*
- *Price Movement:* ETH is consolidating around $3,100, with resistance at $3,180 and support at $3,050
- *Market Sentiment:* Bullish, with a potential breakout move looming
- *Staking Queue:* The staking entry queue has surged to 1.759 million ETH, equivalent to roughly $5.5 billion, indicating strong demand for staking¹ ² ³
The recent development of the Dencun upgrade has improved scalability and reduced transaction fees, contributing to the adoption of the Ethereum network. Would you like to know more about ETH's technical indicators or its potential use cases? What are your thoughts on ETH's future price movements?