Ethereum’s 8.65% daily surge has caught the market’s attention, fueled by growing Layer 2 activity and renewed institutional interest ahead of anticipated staking yield adjustments. Vitalik Buterin recently emphasized in a blog post the importance of scalability and decentralization balance, hinting at upcoming network optimizations.
Technically, ETH has broken through a major resistance at $4,150, with RSI entering overbought territory — not necessarily bearish, but a sign that short-term consolidation could occur. The rally aligns with increasing DeFi TVL and NFT market volume recovery, suggesting broader ecosystem health.
Future Outlook:
If momentum holds, ETH could target $4,500, but profit-taking near $4,300–$4,350 is likely. Support sits at $4,050.
Strategic Reflection:
Ethereum’s price is being driven by utility demand, not just speculation — a bullish sign for sustainability.
