$ETH đŁ Ethereum (ETH): strong potential despite short-term correction
The price of Ethereum (ETH) is currently around 2,517 USD, with a slight decrease of 0.08% over the past 24 hours, fluctuating between 2,465 USD and 2,738 USD. These fluctuations reflect a marked correction, particularly after reaching resistance close to 2,800 USD earlier in the week.
This recent drop is explained by geopolitical tensions, particularly in the Middle East, which have weighed on the entire crypto market, bringing ETH around 2,400 USD. However, the technical structure remains strong: we observe a double bottom between 2,720â2,740 USD, serving as a pillar for an expected recovery.
Furthermore, more positive sentiment indicators point to a resurgence. A âwhaleâ (significant investor) has opened a leveraged position of 11 million USD on ETH approaching 2,850 USD, betting on a progression that could reach +30%, or a target close to 3,600â3,700 USD. Similarly, the rally of +6.5% on June 10, surpassing 2,700 USD, was confirmed by high volume, a sign of a technical recovery.
From a fundamental perspective, the Ethereum ecosystem is strengthening: the network benefits from the usual post-update âPectraâ progression, improving speed and transaction cost. The rise of the stablecoin sectorâmainly issued on Ethereumâand the introduction of institutional products such as ETFs and tokenizations, strengthen the need for ETH.
---
đź In conclusion, Ethereum plays a strategic role in decentralized finance and stablecoins. Despite the recent volatility that brought the price around 2,500 USD, the fundamentals are robust, with prospects for technical evolution in the short term towards 2,700â2,800 USD, or even higher in the medium term, according to certain signals.
