$ETH

🔍 Ethereum ($ETH) at $1700: Critical Juncture Ahead

Ethereum's recent surge faces its first major test at the $1700 level. Here's what matters now:

Technical Perspective

- Strong support at $1500 (previous resistance now flipped)

- Next targets: $2000 (January highs) then $4,000 psychological level

- On-chain data shows 820K ETH withdrawn from exchanges this month

Fundamental Catalysts

1. Ethereum ETF decision deadline: May 23, 2024

2. Pectra upgrade (Q1 2025) expectations building

3. Stablecoin supply on ETH hits $90B (network effect growing)

Pro Tip: Watch the ETH/BTC pair for relative strength signals.