ETH CURRENT POSITION ANALYSIS

ETH is trading around $3,100-$3,120, showing resilience with a 2.3% weekly gain despite mixed 24h performance. The second-largest crypto by market cap holds strong at $374B, maintaining its dominance in smart contracts and DeFi.$ETH

Key strength: Ethereum continues to lead as the foundation for DeFi, NFTs, and dApps, with over 99% energy efficiency post-Merge transition to Proof-of-Stake in 2022. Recent exchange outflows (69,300 ETH/24h) signal accumulation by holders.$ETH

Technical outlook: ETH sits 37% below its August 2025 ATH of $4,946, creating attractive entry levels. Support at $3,000, resistance near $3,400-$3,500.$ETH

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