$ETH is showing positive recovery signals after surpassing the $1,700 threshold, despite prolonged selling pressure. Maintaining the important support zone and renewed buying from long-term investors indicate that the uptrend may continue in the short term. Although low transaction fees reflect decreased demand, this also makes the Ethereum ecosystem more attractive to developers and new projects. With a leading position in DeFi and staking, along with expectations of technological improvements like proto-danksharding, ETH has the opportunity to return to the $2,000 range if market sentiment remains positive and institutional cash flow returns through ETFs.