Last price: $3,559.87 | 24h Volume: $22.11B
Technical analysis:
ETH is consolidating above its 50-day EMA with a solid structure. Immediate support is at $3,420, and the nearest technical resistance is at $3,690.
The RSI indicates 58, allowing space for new impulses, while the volume of contracts in staking has risen by 12% weekly, according to data from Lido and Nansen.
Future projection:
With the upcoming 'Pectra' update on the horizon, which improves the network's performance and privacy, CoinShares analysts project a valuation towards $3,900 - $4,200 before the end of the quarter. The inverse correlation with BTC has decreased, indicating capital rotation.
Strategic reflection:
Ethereum is becoming once again the preferred ecosystem for developers and smart contracts.
The market is recognizing it... and that translates into real money.
