$ETH

The price of Ethereum today is approaching **$1,874.61**, reflecting a decrease of **8.4% over the past 24 hours**. The Ethereum market is facing challenges, including a downward trend and resistance at key levels such as **$2,610**, which it has struggled to exceed. Nevertheless, there are signs of a potential recovery, as major investors are accumulating Ethereum and technical indicators like the Relative Strength Index (RSI) suggest that it may be oversold.

Regarding stability, the price of Ethereum has shown some resilience thanks to factors such as reduced selling pressure from staking and its deflationary mechanism introduced through the EIP-1559 upgrade. These factors have contributed to a balance between supply and demand, helping to maintain a more stable price range despite market volatility.

The potential for price increases depends on surpassing key resistance levels, such as **$2,610**, which could lead to a bullish breakout. However, if it fails to achieve this, it may result in further stability or even a decline towards **$1,500**. Market conditions, including macroeconomic factors and investor sentiment, play a significant role in determining the trajectory of Ethereum.