Ethereum continues to be the backbone of the Web3 economy. While Bitcoin leads the charge, the real movement in the DeFi and NFT sectors often waits for $ETH to make a decisive move. We are seeing an interesting pattern forming on the chart that suggests volatility is incoming.
Many are doubting Ethereum's dominance due to the rise of other L1s, but the network activity and L2 volume tell a different story. For swing traders, this current price range represents a high-risk, high-reward zone. We are looking for a breakout above the local resistance to confirm the next leg up.
Patience is the most expensive skill in crypto. Watch the volume bars closely on the chart below; if volume spikes, the move is real.
What is your mid-term target for Ethereum? Let’s look at the data. 👇
