$ETH Ethereum (ETH), the second-largest cryptocurrency by market cap, is once again at a critical point. After days of consolidation, ETH seems to be preparing for its next big move. But the big question is — will it break out or break down?
Right now, Ethereum is showing signs of strength. It's forming a tight range just below major resistance, and historically, such setups often lead to sharp movements. On-chain data also shows increased activity on the Ethereum network, especially with growing interest in DeFi and NFTs again.
However, Ethereum still faces challenges. High gas fees, occasional network congestion, and dependency on Bitcoin's movement make it slightly unpredictable in the short term. But long-term holders continue to trust the project, and upgrades like “Proto-Danksharding” are expected to improve scalability soon.
From a trader’s perspective, it’s smart to wait for a confirmed breakout above resistance before making any big moves. ETH needs to hold above key levels, ideally above $3,100, to signal bullish strength.
In my opinion, Ethereum is quietly building momentum. The current calm might just be the silence before the storm — a bullish one, hopefully.
Remember, this isn’t financial advice — just what I think based on market trends and data.$ETH