$ETH is trading at approximately $1,801.44, reflecting a modest intraday gain of 0.02%.

Recent technical indicators suggest a cautiously optimistic outlook for ETH:

- Bullish Crossover: A bullish crossover has been identified, indicating potential upward momentum.

- Support and Resistance Levels: Key support is around $1,750, with resistance at $1,800 and $1,850. Binance

- Elliott Wave Analysis: Current patterns suggest a possible increase towards $2,478.18, provided the support level of $1,380 holds.

On-chain metrics also support this positive trend, with daily active addresses increasing by 10% over the last week and staking deposits up by 5%, indicating growing network engagement and investor confidence.

Looking ahead, some analysts predict that ETH could reach $2,000 in the short term, with potential to climb to $3,000 if current trends continue. Long-term projections even suggest the possibility of ETH reaching $4,000 by the end of 2025.