Ethereum kicks off the week with eyes on crucial technical levels. After holding a solid support over the weekend, investors are focused on network activity and the update of institutional capital flows.

Key point: The immediate resistance zone is defined by the high of the last 7 days. If the volume backs it up, we could see a move towards the next psychological level.

Analysis: The network deflation and staking continue to be the pillars holding up the value of $ETH against other L1s.

Do you see Ethereum taking the lead in the market this week or do you think it will remain in Bitcoin's shadow? 👇

#ETH🔥🔥🔥🔥🔥🔥 #etereum #Ethereum #ETHETFS #ETH（二饼） $ETH

ETH

1,684.71

+4.04%