$ETH

Ethereum was unable to hold above the key level of 2345. For now.

It’s the weekend, and things may change on Monday. If we establish ourselves above this level, it will be a signal to enter, and the price will move within a new range: 2345-2812.

Recent events:

- For ETH ETF, the week ended with a significant outflow: -19909 ETH (-45.85 million dollars). It's too early to draw conclusions here—there may have been a redistribution as the price rose, with some deciding to take profits. We'll see how next week unfolds.

- Ethereum's dominance increased from 7.5% to 8.7%. An additional 1.2% was taken from Bitcoin, whose dominance fell to 62%.

- The largest update of Pectra was implemented on 07.05. and is considered successful. The update did not bring about a significant price increase.

On one hand, there’s a trend of 'sell on good news.' On the other hand, Ethereum's competitiveness is still in question, as new modern blockchains are aggressively trying to capture part of the market. For further stability, even more significant changes will be required.

Conclusion: I am waiting for the new week and for the price to establish itself above 2345. Above this level, it may be a good time to buy, but keep a close watch.