ETH is trading around ~$3,200, showing some short-term weakness after a minor pullback. �
• Daily trading volume and network activity have surged recently, with record transactions (~2.88M in one day), indicating strong on-chain use. �
• Staking remains robust, with a significant portion of ETH locked up — a bullish structural factor. �
Pintu
AInvest
Pintu
📈 Technical Outlook
• Bullish case: Analysts see upside potential, with short-term targets as high as $3,500–$3,660 if key resistance breaks. �
• Support levels: Near $3,060–$3,100 are key floors that, if maintained, could keep the uptrend intact. �
• Neutral indicators: RSI is typically in neutral territory, meaning room to rally exists without overbought pressure. �
Blockchain News +1
MEXC
MEXC
🧠 Market Drivers • Institutional flows (e.g., ETFs and staking) are contributing to a tighter supply and long-term interest. �
• Broader market sentiment remains mixed; geopolitical and regulatory news can create volatility, potentially influencing ETH’s next move. �
AInvest
The Economic Times
📌 Summary
Ethereum is consolidating around key levels (~$3.2K) with both bullish and neutral technical signals. Breaking above resistance could unlock further gains, while losing support might usher in a deeper correction. Fundamental signs like rising transactions and staking continue to support the long-term narrative.
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