$ETH
Ethereum (ETH) is demonstrating resilient price action and a significant surge in network fundamentals, positioning it for a potential breakout above long,standing resistance levels.
Latest Analysis of Ethereum (ETH)
Price Performance: ETH is currently trading between \$3,340 and \$3,500. After defending a key support zone at \$3,075 earlier in the week, the price successfully broke through its 100,day and 200,day moving averages. It currently shows a local upward trend, gaining nearly 12% over the last fortnight.
Explosion in Network Activity:
New Users: The network is seeing a massive influx of participants, with new daily addresses jumping from 4 million to 8 million this month alone.
Transaction Volume: Daily transactions have hit an all,time high of 2.8 million, driven by collapsing fees (averaging \$0.15) following the successful Fusaka upgrade.
Institutional & Corporate "Treasury" Era:
A major market move occurred yesterday when Bitmine Immersion Technologies, the world’s largest ETH holder, announced a \$200 million investment in MrBeast's "Beast Industries." Bitmine now controls over 3.36% of the total ETH supply (approx. 4.07 million Ether).
Standard Chartered recently raised its price target for ETH to \$7,500, citing rising interest from corporate treasury buyers as a primary driver.
Staking Milestone: Staking has reached a new record with 30% of the circulating supply (nearly 36 million ETH) now locked. This "supply crunch" is reducing the liquid amount of Ether available on exchanges, which typically precedes a price squeeze upward.
Technical Outlook: * Resistance: The immediate hurdle is \$3,544. A clean break above this level could pave the way for a run toward the \$4,000 psychological barrier.
Support: Strong support is firmly established at \$3,150 and the major pivot at \$3,080.
Sentiment: Sentiment is turning "Strongly Bullish" as Ethereum successfully scales through Layer 2 solutions while maintaining high Layer 1 security, solving the "blockchain trilemma" for institutional users.