Ethereum (ETH):
Ethereum is trading near $3,050–$3,150, hovering just above a critical support zone. If support around $3,050 holds, a rebound could push ETH toward $3,350–$3,500, with a stronger rally targeting $3,550–$3,650. On the upside, key resistance lies at the 100-day and 200-day EMAs around $3,200–$3,210 — a clean break above these could boost bullish sentiment.
Fundamentally, the recent network upgrade (Fusaka) — improving Layer-2 settlements and reducing node costs — adds structural strength to Ethereum’s long-term outlook. Meanwhile, on-chain data shows a shrinking supply on exchanges and growing holding among long-term and institutional investors, potentially reducing selling pressure.
However, broader macroeconomic uncertainty and competition from high-throughput blockchains keep risk elevated. If selling pressure mounts or ETH fails to clear resistance, price could retest lower supports near $2,900–$2,950.
Overall, expect range-bound trading with cautious optimism, with the path forward hinging on volume, macro sentiment, and network adoption.
