​Ethereum ($ETH ) is currently consolidating near a critical support zone around $3,000, following a sharp correction driven by broader market volatility. Despite short-term price pressure, the network's long-term utility remains strong, bolstered by L2 scaling adoption and the burn mechanism. The potential approval of a Spot Ethereum ETF is a key near-term catalyst that could unlock significant institutional demand for $ETH. Keep an eye on market sentiment, but the continued use and yield from staking firmly support Ethereum's foundational value.

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