ETHEREUM ABOUT TO TAKE OFF?

Even with slight corrections, Ethereum — the second largest cryptocurrency in the market — is at a decisive point. With important updates, ETF expectations, and the resurgence of DeFi, the asset may be about to resume its upward trajectory.

WHY KEEP AN EYE ON $ETH

Dencun Upgrade (EIP-4844): Reduces fees on L2s like ARB and OP, making the network cheaper and more scalable.

Spot ETF under analysis: Possible approval as early as 2024 could open the doors for institutional capital.

Declining supply: Over 4 million of $ETH ETH have already been burned via EIP-1559, which puts upward pressure on the price.

UPDATED TECHNICAL DATA

Current price: $1,804.59

Strong support: $1,750

Resistance: $1,920 — breaking this level could gain strength.

Daily burn: about 524 ETH (source: ultrasound.money)

PERSPECTIVES

If the ETF is approved, ETH could replicate Bitcoin's performance in 2023.

The growth of L2s strengthens Ethereum as the central infrastructure of the ecosystem.

Staking and movements on the Beacon Chain remain important variables.

STRATEGIES

HODL (long term): Solid potential until 2030.

Swing trade: Look for entries at supports and sales at resistances.

Scalping: Take advantage of volatility after announcements and relevant events.

Do you believe that $ETH will break its all-time high in 2024? Leave your opinion in the comments.

This content is not investment advice. Do your own analysis (DYOR).

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#Ethereum #ETH #Cryptocurrencies #ETF #Blockchain