ETHEREUM 🔥
Is it consolidation or just a breather? The giant remains strong 💎
$ETH
It’s still battling in the $2,138 USDC zone, showing a slight recovery of +0.26%. After the rejection at $2,144, the short-term moving averages (EMA 7 and 25) are looking for stability just above the support of the EMA 99, while the StochRSI indicator is starting to show a subtle bullish turn.
Despite the noise or temporary criticisms in the ecosystem, the structural narrative remains unchanged: Ethereum is still the backbone of Layer 1 and Layer 2. Without its infrastructure, DeFi and current scalability wouldn’t exist.
Is it time for strategic accumulation or patience? The market is breathing, but the pillar remains intact. 🚀
#Ethereum USDC USDT USD1 USD1
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