#Ethereum – What’s the picture looking like right now?*
- *Price & market cap:*#ETH is trading around *$3,011* on Binance, giving it a market cap of roughly *$365 billion* ¹.
- *Recent move:* The price jumped about *10 %* in the last 24 hours, sitting just below the $3,025 high for the day.
*Technical vibe*
- The 50‑day SMA is flattening while the 200‑day SMA keeps climbing – a classic “golden‑cross” precursor.
- MACD histogram is positive, hinting at building bullish momentum.
- Key support sits near *$2,800‑$2,950*; resistance is around *$3,140‑$3,180* ².
*Fundamental drivers*
- *Pectra upgrade* (early Dec) expands data blobs and slashes L2 fees, which should boost activity and tighten supply ².
- *ETF inflows* are still strong – spot ETH ETFs have added notable capital, helping lock up a chunk of circulating supply ² ³.
- *Staking growth* continues to reduce liquid ETH, providing a tailwind for price.
*Sentiment & forecasts*
- Analysts are split, but the consensus leans toward a *$4,200‑$4,500* target by year‑end, with some bullish models eyeing *$5,000‑$6,000* if the upgrade fuels a breakout ⁴ ⁵ ³.
- The Fear & Greed index is hovering around *63*, indicating steady bullish momentum ⁵.
*Bottom line*
Ethereum is perched near a crucial resistance zone. If it can push past *$3,180*, the path to *$4,200‑$4,500* looks plausible, especially with the Pectra upgrade and ongoing ETF demand. A slip below *$2,800* would likely reopen the door to deeper correction.
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Keep an eye on that *$3,140‑$3,180* band – it’s the make‑or‑break level for the short‑term rally. 🚀
¹ ² ⁴
