$ETH
📈 Key Indicators
Current Price: ~ $3,564, a slight decline of approximately −1.33% over the last 24 hours.
Daily Trading Range: from $3,490 to $3,658.
Market Capitalization: around $430 billion, with a circulating supply of approximately 120.7 million ETH.
Daily Trading Volume: between $42 billion and $50 billion according to sources.
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📰 Top News and Developments
1. **Driven by Bitcoin legislation and the success of the GENIUS Act, Ethereum rose over 20% last week, reaching levels of $3,600.**
2. Slight decline despite strong momentum, as the drop is linked to a correction after rapid gains.
3. Following recent events, ETH recorded a 6-month high above $3,675, with increased demand for futures, and large investors like BlackRock raising their positions.
4. Futures volume surged to $104 billion, up 50% within 24 hours, outpacing Bitcoin.
5. Technical analysis indicates a historic “short squeeze” scenario, with an additional rise of ~10% expected if institutional pressure continues.
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🎯 Predictions and Analysis
Time Frame Scenario Notes
Short-term Correction towards $3,500–$3,550 Following the natural correction after the rapid upward wave.
Medium-term Rise towards $3,700–$3,800 Supported by the entry of new institutions and ongoing momentum.
Long-term Exceeding $4,000 With expectations of continued liquidity, hedge fund leverage drivers, and technologies like symbolic ETFs.
