Bullish Sentiment: The overall market sentiment toward $ETH is positive. Therefore, the $2,000 and $1,800 levels will act as strong support. The likelihood of ETH dropping to $1,700 is very low.
Network Fundamentals: With Ethereum’s Proof-of-Stake, fee burning (EIP-1559), and Layer 2 adoption reducing supply, $ETH is expected to hit $2,400 soon.
Market Cycles: At present, $ETH is showing a bearish streak, but accumulation is ongoing, which will eventually provide an upward push.
ETH
2,345.03
-0.66%