Ethereum (ETH) has shown stable performance this week, trading within the range of $3,150$ – $3,400, amidst a state of anticipation in the markets.

✳️ Key Drivers:

Regulatory Anticipation: Markets are awaiting the SEC's decision regarding Ethereum ETF applications, putting pressure on trading volume and delaying any strong movement.

Notable Technical Stability: Despite weak price momentum, the Ethereum network has maintained steady activity, with stable gas fees and a slight increase in active addresses.

Protocol Developments: Upcoming updates such as Proto-Danksharding enhance confidence in the network's future and encourage medium-term investors.

📈 What’s Next?

Technically: Breaking resistance at $3,400$ could open the way towards $3,600, while support at $3,150$ forms an important pivot point.

Fundamentally: The market is in a waiting position, and upcoming catalysts will be crucial in determining the next direction.

Ethereum is catching its breath, but what the market awaits in the coming weeks could be pivotal for its near future.

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