$ETH Ethereum's current price is $2,781.75, reflecting a decline of 1.70% with a market capitalization of $364.95 billion. The cryptocurrency has seen significant selling pressure, particularly from US investors, with $407.5 million in liquidations over the past 24 hours. Key support levels to watch are $2,850 and $2,300, while resistance levels are at $3,000 and $3,200.

*Key Factors Influencing Ethereum's Price:*

- *US Job Growth:* Exceeding expectations, dampening hopes for an immediate interest rate cut.

- *Liquidations:* $407.5 million in liquidations over the past 24 hours, led by $340.6 million in long liquidations.

- *Institutional Investment:* US spot Ethereum ETFs have recorded eight consecutive days of outflows, totaling $1.28 billion ¹ ².

*Future Outlook:*

- *Potential Rebound:* Some analysts predict a rebound, with $ETH Ethereum reaching $3,934.03 in the short term, representing a 10.45% increase.

- *Fusaka Upgrade:* Expected to improve network efficiency, potentially driving price growth ³ ⁴.

ETH

3,096.11

-3.59%

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