📈 Updated Technical Analysis:
Ethereum surprises with a nearly 1% recovery in one day, stabilizing near the psychological level of $3,800. This rise has been driven by increased staking participation (according to Lido and Beacon Chain), and by expectations regarding EIP-7609, which promises to further reduce fees.
The consolidation pattern on the daily framework forms an ascending channel, while the RSI sits at 64, still in the safe zone. The EMA20 acts as dynamic support at $3,740, with buying pressure increasing over the last 48 hours.
Arthur Hayes, co-founder of BitMEX, stated on X that ETH is undervalued compared to its growing institutional adoption, especially due to the rise of real-world asset (RWA) tokenization.
🔍 Technical Strategy:
Strong resistance: $3,950
Critical support zone: $3,700
Ideal for medium-term investors attentive to fundamentals and network updates.
💬 Strategic Reflection:
Ethereum positions itself as the catalyst for the next DeFi and institutional revolution.
