$ETH is currently showing moderate bullish momentum as buyers continue to defend key support levels. Price action suggests consolidation within a range, indicating the market is preparing for a potential breakout.

On the technical side, ETH remains above its short-term moving averages, which supports a positive bias. Volume is stable, signaling healthy participation rather than speculative spikes. If Ethereum breaks above nearby resistance, it could trigger a fresh upward move.

From a fundamental perspective, Ethereum continues to benefit from strong DeFi, NFT, and Layer-2 ecosystem growth, keeping long-term sentiment optimistic. However, overall market direction will still depend on Bitcoin’s movement and macro news.

Outlook:

Bullish above support

Sideways in the short term

Upside possible on strong breakout

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