$ETH
๐ Ethereum (ETH) โ Latest Analysis
1. Current Price Pressure & Demand Zone
ETH is trading near a key demand zone around $3,210โ$3,320, and recent attempts to bounce have been met with selling pressure.
If ETH decisively breaks below $3,210, it could test lower support around $3,000.
2. Bullish Technical Case
On the upside, analysts are eyeing a potential rally toward $4,400โ$5,500 over the coming weeks, driven by bullish MACD momentum.
Another price projection estimates a move to $5,200 if key resistance around $4,644 is broken.
3. Macro & On-Chain Context
Exchange reserves of ETH have dropped significantly, indicating less selling pressure and more long-term holding.
Meanwhile, regulatory developments and ETF momentum are drawing institutional interest, which could fuel further demand.
Standard Chartered has a very bullish year-end target for ETH: $7,500.
4. Risks to Watch
If ETH fails to reclaim its key moving averages or breaks lower, downside risk increases.
Geopolitical or macroeconomic headwinds (e.g., rate uncertainty) could cap upside potential.
โ Bottom Line
Ethereum is at a crossroads: it's defending a major demand zone, but momentum is fragile. If the bulls gain strength and push ETH above $4,600+, a run toward $5,200+ is possible. On the flip side, a break below $3,200 could trigger a deeper pullback.