$ETH is trading around $2,970 – $2,985, slightly up over the last 24 hours but down 4–5% on the week.
Following the Fusaka upgrade and increased blob capacity, L2 fees have dropped, and around $978M in ETH has moved off exchanges. However, spot ETFs have seen outflows, so in the short term, ETH price action remains closely tied to $BTC and macro conditions.
Despite recent swings, my main scenario for ETH remains:
Correction toward $2,300 is possible
Worst case around $2,000
If these levels hold, a bullish trend could emerge with potential targets at $6,000 and $10,000 in the coming months.
