$ETH

Ethereum's price action is currently influenced by three key factors:

1️⃣ **Institutional Demand**: Grayscale's ETHE trust premiums and potential ETH ETF approvals.

2️⃣ **Network Activity**: Surge in Layer 2 transactions (Arbitrum TVL +40% QoQ).

3️⃣ **Macro Trends**: Fed rate decisions impacting crypto liquidity.

Technically, ETH is testing the $3,800 support zone (50-day MA). A break below could target $3,500, while resistance lies at $4,200. The RSI at 54 suggests neutral momentum.

Pro Tip: Track Ethereum's burn rate (EIP-1559) and staking withdrawals for real-time supply shocks. Always DYOR before trading! $ETH #Write2Earn