$ETH Ethereum Quick Update (as of today)
ETH is currently trading around USD 3,125.
After a rough few weeks where ETH dropped nearly 27% over the last month — the coin seems to be stabilizing above the psychologically important $3,000 level.
Technical-analysis platforms suggest short-term targets in the range of $3,300–$3,600, assuming ETH breaks through resistance near $3,140–$3,340.
What’s Driving ETH Right Now
The recent deployment of the Fusaka upgrade improved layer-2 throughput and lowered transaction costs a boost to long-term fundamentals that could support demand for ETH.
On-chain data shows that exchange held ETH supply is near multi year lows, and a significant portion of ETH remains staked or locked up contributing to a “supply squeeze” scenario that tends to support price.
Some analysts remain bullish: with a favorable breakout and macro tailwinds, ETH could aim for a rebound toward $4,200–$4,800 in the medium term.
