Ethereum traded within a relatively narrow range this week, fluctuating between $2,300 and $2,400. The price movement mirrored Bitcoin’s trend but showed slightly stronger resilience amid market fluctuations. A key driver was growing optimism surrounding Ethereum ETFs, which boosted investor sentiment. Network activity increased, particularly in DeFi and NFT sectors, indicating continued ecosystem engagement. ETH gas fees remained moderate, encouraging more transactions and user interaction. Analysts highlighted a steady rise in staking, pointing to long-term holder confidence. Despite positive signals, Ethereum faced resistance near $3,800, with bulls struggling to break higher. Broader market factors, including regulatory updates and macroeconomic news, continue to influence price direction. Traders are watching closely for a decisive move above resistance or signs of consolidation.
