$ETH

Ethereum recently touched its highest level in 15 weeks at $2,827, creating an interesting market scenario:

- Despite the price movement, Ethereum faces structural challenges:

* Network fees have dropped by 90% after the Cancun upgrade

* Staking yields are stuck at only 3.12%

* The percentage of "diamond-handed" owners has decreased from 63% to 55%

Recent price action shows volatility as Ethereum tests the $2,835 level before retreating to around $2,760. With open interest in futures reaching an all-time high of $40 billion, we are witnessing maximum leverage in the market that could swing significantly in either direction.

The $2,800 level remains critical - a sustained break could open the way to $3,200-$3,500! 📈