$ETH

Near the level of $2,585, driven by a major technical upgrade that enhanced network efficiency. Despite the noticeable improvement in the internal structure of the blockchain, the price is still about 45% below its all-time highs. Technical analysis indicates strong resistance at the level of $2,710, which coincides with an important corrective level, while the range of $2,560–$2,570 represents a dynamic support area that could play a crucial role in maintaining upward momentum. Technical indicators such as RSI and MACD suggest an impending technical correction, due to overbought conditions and weakening momentum, urging investors to exercise caution in the short term. Conversely, the fear and greed index reveals an advanced state of greed, indicating high market confidence but at the same time raising the likelihood of expected volatility. In the long term, recent Ethereum updates enhance its competitiveness, especially with improved transaction speeds and reduced costs, boosting investor confidence in the continued adoption of the network across various decentralized applications. Overall, the outlook appears positive but contingent on maintaining current support levels and not failing to surpass nearby resistance, making technical planning and risk management crucial at this stage.