$ETH is currently priced at $3,301.59, consolidating after a decline from 2025 highs, with market sentiment in "Extreme Fear."
Technically, ETH is in a neutral to slightly bullish short-term position as it holds just above the critical $3,100 support level**. Its price, however, remains below the 50-day EMA near **$3,308, indicating a larger corrective phase. The key battle is whether it defends $3,100; success could signal a trend reversal towards $3,500, while failure risks a fall to the $2,800-$2,900 on-chain support zone.
Fundamentally, Ethereum is strong. It is seeing major institutional adoption, with over 10 million ETH held by public companies and ETFs, valued around $46 billion. This demand is driven by its core utility in DeFi and the yield from staking.
In summary, Ethereum's price reflects a tension between current technical weakness and robust long-term fundamentals, with the $3,100 level acting as the crucial short-term determinant for its next significant move.
