ETH is currently trading around US $3,170.

In the last 24 hours it has moved slightly down (≈ -0.7%).

Over the past week and month, however, it's been under pressure with larger declines.

Market sentiment is somewhat cautious: institutional and retail demand are muted.

🔍 Key Updates

A prominent figure, Arthur Hayes (former CEO of BitMEX), performed a large on-chain sale of ~520 ETH (~US$2.52 million) which is raising questions about institutional positioning.

The wider crypto market is experiencing outflows and heightened volatility, which is also impacting Ethereum.

Looking ahead, the upcoming Fusaka upgrade (planned for December 2025) is getting attention — analysts suggest it could be a catalyst for ETH if it delivers as hoped.

📝 What to Watch

Upgrade progress & network metrics: Any delays or issues with the Fusaka upgrade could impact sentiment.

Institutional flows: Large holders ("whales") selling or reducing exposure could be a negative signal; conversely accumulation could be positive.

Broader macro/crypto market: Since Ethereum is tightly linked to crypto-market health, wider weakness (e.g., Bitcoin, regulatory issues) may pull ETH down too.

Support/resistance levels: With price around US$3,100-3,200, watch whether this zone holds or breaks. $ETH