$ETH ETH/USDT: What’s Next for Ethereum?
Ethereum is currently hovering around the $3,200 mark, consolidating after a sharp run-up earlier this month. The price is holding above the 50-day moving average, signaling ongoing strength despite reduced trading volume.
On-chain metrics show a steady decline in exchange balances, which typically suggests accumulation. Meanwhile, Layer 2 ecosystems are growing fast, supporting ETH’s long-term value proposition. Traders are watching for a breakout above $3,350 — a move that could reignite momentum toward $3,800.
However, failure to hold $3,100 might open the door to a short-term correction. For now, ETH looks poised — but still patient.
