Ethereum (ETH): Building Strength for the Next Move
Ethereum (ETH), the second-largest cryptocurrency by market cap, is currently trading around $2,700, showing signs of steady growth. With increasing adoption of Layer 2 solutions and the rise of restaking protocols, Ethereum's ecosystem continues to expand rapidly. The recent surge in DeFi activity and NFT innovation further boosts on-chain demand. Key support lies at $2,600, while resistance is seen near $2,850. A breakout above could trigger a rally toward the $3,000 mark. Institutional interest in ETH remains strong, especially with Ethereum-based ETFs gaining traction globally. As ETH transitions fully to proof-of-stake, its scalability and sustainability continue to attract long-term investors. Keep a close eye on ETH—it’s not just a coin, it’s the backbone of Web3.
