#ETC (ETH) — Latest Snapshot
ETH is trading near US $3,100–$3,200 after recent fluctuations.
According to recent analysis, ETH recently broke out of a “falling-wedge” technical pattern, prompting some big “whales” to open around US $426 million in long positions — a bullish signal.
Meanwhile, on-chain metrics show the network continuing to evolve: usage of Layer-2 networks is rising and average daily fees have dropped—a sign that transaction costs are lower, which may support broader adoption.
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📈 What’s Driving the Momentum
Recent structural upgrades. The upcoming/just-implemented upgrades (like Fusaka Upgrade) aim to make Ethereum more scalable and efficient — improving throughput and data-handling for Layer-2 rollups.
Institutional interest rising. Large long-position entries and growing demand from more serious investors suggest confidence that ETH’s consolidation could lead to renewed upward movement.
Technicals support a bullish bias. Some analysts now forecast a bullish breakout if ETH clears certain resistance levels — potentially pushing toward US $3,700–$5,000 depending on broader market conditions.
