$ETH Ethereum (ETH)
Ethereum continues to trade in a consolidation zone after its recent recovery, showing signs of accumulation by long-term holders. Network activity remains strong, supported by growth in DeFi, NFTs, and Layer-2 solutions like Arbitrum and Optimism.
Key Factors
On-chain strength: Daily transactions and active addresses are stable, indicating healthy usage.
Supply dynamics: ETH remains deflationary after EIP-1559 burns, which supports price in the long term.
Institutional interest: ETFs and staking demand are gradually improving sentiment.
Technical Outlook
Support zone: $2,100 – $2,200
Resistance zone: $2,500 – $2,650
A break above resistance could open the path toward $2,800+, while failure may lead to a retest of support.
Short-Term View
Neutral to slightly bullish 📈 – price action suggests consolidation before the next major move.
Long-Term View
Bullish 🚀 – Ethereum remains the backbone of Web3, DeFi, and smart contracts, making it one of the strongest assets in the crypto space.$ETH $ETH
