Ethereum (ETH) Market Analysis

📊 :Market Overview

Ethereum is currently showing gradual bullish recovery after a consolidation phase. Price structure suggests accumulation, with buyers defending key support levels.

🔑 Key Levels

Resistance 1: $2,500

Resistance 2: $2,700

Major Resistance: $3,000

Strong Support: $2,300

Critical Support: $2,100

A strong breakout above $2,500 could push ETH toward the $2,700–$3,000 range.

📈 Technical Indicators

RSI: Around 55–60 (mild bullish momentum, not overbought).

MACD: Early bullish crossover forming on daily timeframe.

Volume: Gradual increase, indicating steady accumulation.

🌐 On-Chain & Fundamentals

Staking activity remains strong.

Layer-2 ecosystem growth supports network usage.

Institutional interest continues to rise.

🎯 Outlook

Bullish Scenario: Hold above $2,300 → Target $2,700+

Bearish Scenario: Break below $2,100 → $ETH #PredictionMarketsCFTCBacking #HarvardAddsETHExposure #VVVSurged55.1%in24Hours #BTC100kNext?