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Here’s the latest on Ethereum (ETH) — what’s happening “today” — including price, context, and what analysts are watching. 📉 What’s going on now ETH is trading near ≈ $2,840–$2,860, down roughly 5–6% in the last 24 hours. The overall crypto market dropped today, dragging major tokens including ETH lower. According to one recent summary, ETH “holds above $2,800 despite a 5% drop,” though downward pressure remains on short-term charts. 🔎 What analysts & data are saying Some valuation models suggest ETH may be “undervalued”, with fair-value estimates in a much higher range (as high as ~$4,600–$4,800), implying long-term upside potential if conditions improve. On-chain data shows that large ETH holders (“whales”) are accumulating, and the supply of ETH on major exchange Binance is declining — a pattern that often precedes upward moves. That said, technical indicators warn of weakness: some charts signal a possible short-term pullback, targeting support levels around $2,900–$2,960. Meanwhile, as long as ETH stays above a base support near $2,880, some expect a potential rebound toward $3,280–$3,350 in the coming days. 🧑💼 What to watch in the near future Continued accumulation by whales — if large holders keep buying, that could stabilize ETH and possibly signal a bottom. Broader market sentiment: global macroeconomic factors, regulatory news, or changes in risk appetite could affect crypto broadly (not just ETH). Technical levels: If ETH drops below ~$2,880, it could test support zones; if it rebounds, resistance near $3,300–$3,350 will be key. On-chain & exchange liquidity data — shrinking supply on exchanges + rising stablecoin volumes may set the stage for upward pressure. If you like — I can also pull up 3-month and 12-month price forecasts for ETH (with probabilities + best/worst-case scenarios).
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Here’s the latest on Ethereum (ETH) — what’s happening “today” — including price, context, and what analysts are watching. 📉 What’s going on now ETH is trading near ≈ $2,840–$2,860, down roughly 5–6% in the last 24 hours. The overall crypto market dropped today, dragging major tokens including ETH lower. According to one recent summary, ETH “holds above $2,800 despite a 5% drop,” though downward pressure remains on short-term charts. 🔎 What analysts & data are saying Some valuation models suggest ETH may be “undervalued”, with fair-value estimates in a much higher range (as high as ~$4,600–$4,800), implying long-term upside potential if conditions improve. On-chain data shows that large ETH holders (“whales”) are accumulating, and the supply of ETH on major exchange Binance is declining — a pattern that often precedes upward moves. That said, technical indicators warn of weakness: some charts signal a possible short-term pullback, targeting support levels around $2,900–$2,960. Meanwhile, as long as ETH stays above a base support near $2,880, some expect a potential rebound toward $3,280–$3,350 in the coming days. 🧑💼 What to watch in the near future Continued accumulation by whales — if large holders keep buying, that could stabilize ETH and possibly signal a bottom. Broader market sentiment: global macroeconomic factors, regulatory news, or changes in risk appetite could affect crypto broadly (not just ETH). Technical levels: If ETH drops below ~$2,880, it could test support zones; if it rebounds, resistance near $3,300–$3,350 will be key. On-chain & exchange liquidity data — shrinking supply on exchanges + rising stablecoin volumes may set the stage for upward pressure. If you like — I can also pull up 3-month and 12-month price forecasts for ETH (with probabilities + best/worst-case scenarios).
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