#MarketPullback
Ethereum (ETH) is trading around $2,427, down ~3.7% from yesterday’s close, reflecting profit-taking and rising geopolitical uncertainties.
Technical charts show ETH nearing the apex of a symmetrical triangle, suggesting a potential breakout—either upward above ~$2,500 or a breakdown toward $2,400–$2,260 if support fails.
On-chain metrics are encouraging: over 35 million ETH are staked, accumulation addresses are rising, and network activity is robust thanks to declining gas fees and strong Layer‑2 adoption.
Market sentiment hovers neutral-to-greedy (Fear & Greed ~49–57), while social sentiment leans slightly bullish.
Short‑term analyst forecasts vary: Binance anticipates a modest 5 % bounce to ~$2,425–2,430 by tomorrow , while Changelly projects a slower 2 % rise to ~$2,570 in the coming days.
All told, expect sideways to slightly bullish action today, with a breakout contingent on whether ETH holds current support and price catalysts like stablecoin-growth or regulatory updates emerge.
