Price / Move: $4,260.61 (+1.12%)
Market context & technical read:
Ethereum’s price is holding the $4,200 area after a strong multi-week run. Network fundamentals remain robust: staked ETH continues to climb (Glassnode, Lido metrics), L2 activity (Arbitrum, Optimism, Base) shows rising TVL and tx throughput, and institutional narratives around tokenized real-world assets and staking yield persist. Technically ETH sits above key EMAs with bullish MACD across daily and 4H frames. Price has cleared a near-term resistance cluster; RSI is elevated but not signaling immediate reversal. Liquidity heatmaps show clustered buy interest around $4,000–$4,100.
Near-term projection:
If ETH closes above $4,300 with expanding volume, targets near $4,500–$4,800 are likely. A decisive failure under $4,000 would open a corrective move to $3,700–$3,850. Monitor L2 TVL trends, exchange outflows, and ETF/spot product flows as confirming signals.
Expert signals / sources:
Vitalik Buterin’s public emphasis on scalability, Dune/Nansen L2 analytics showing migrating activity, and CoinShares inflow data for ETH products underscore this constructive thesis.
Strategic reflection:
Ethereum’s upside is being driven by utility — staking and L2 settlement create a price floor. Position sizing should favor staged accumulation with defined supports.
