Ether (ETH) is "lost" between the thresholds of 2.800$ and 3.000$, is this a golden opportunity or a worrying signal? The price of ETH has dropped below 3.000$ due to concerns about interest rates from the Bank of Japan, but has been held steady at 2.800$ thanks to the influx of ETF funds. However, on-chain signals are showing mixed signs!

Experts believe that ETH needs to break through the 3.200$ mark to recover strongly; otherwise, breaching 2.800$ could eliminate the macro uptrend. A positive point is that the MVRV Z-Score is approaching the accumulation zone, signaling that a local bottom may be forming soon. Although ETF inflows are very positive, Ethereum's network fees have dropped significantly, indicating that on-chain demand has not truly broken out.

So, where will ETH go? Don't miss the next developments!

ETH

3,131.05

-0.28%

ETHUSDT

Perp

3,127.2

-0.41%