Ethereum Market Update — ETH/USDC

ETH is holding firm around $2,950, showing resilience after recent volatility.

📊 Key Observations (1D):

• Price stabilizing above recent local lows

• RSI (~44) suggests ETH is neither overbought nor overheated

• Bollinger Bands indicate price is trading near the lower-to-mid range, often a zone of renewed interest

• Volume remains steady, signaling active participation, not panic selling

🔍 Market Context

Ethereum continues to attract attention as Layer 1 and Layer 2 activity remains strong. With ongoing ecosystem growth and capital rotation across majors, ETH remains a key asset traders are watching closely.

👉 Worth monitoring whether ETH can reclaim higher levels above the mid-band and build momentum.

$ETH 🚀

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