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today update about ethereum with picture
Here is a quick update on Ethereum (ETH) today:
Ethereum (ETH) Update
As of the latest reports, $ETH
Ethereum's price is stabilizing and trading in the range of approximately $3,030 to $3,100. This follows a period of consolidation after a sharp correction earlier this month.
Key Updates:
Fusaka Upgrade: The network recently activated the "Fusaka" upgrade (a combination of the Fulu consensus layer and Osaka execution layer), which is a major catalyst. It's designed to significantly increase data capacity for rollups—potentially up to eightfold—leading to faster and cheaper Layer-2 transactions.
Supply Squeeze Narrative: The amount of Ether held on centralized exchanges has sunk to a multi-year low (around 8.7% of the circulating supply). A large portion of ETH is now "locked" in staking, restaking, and long-term custody, leading to a strong "supply squeeze" narrative in the market.
Analyst Sentiment: Analysts are highlighting renewed structural support, with some technical indicators suggesting the possibility of a substantial price rally in the coming months, with targets ranging from $4,300 up to $6,800.#BinanceBlockchainWeek