Brief fundamental + technical analysis of Ethereum (ETH)
Ethereum is today considered more than just a digital currency. It is an advanced blockchain system used to run smart contracts (Smart Contracts) and decentralized applications (DApps). Its core strength comes from being the infrastructure that many decentralized finance (DeFi) projects and non-fungible tokens (NFTs) and Web3 technologies rely on.
From a fundamental perspective, the future of Ethereum is linked to the adoption of its institutions and network developments, such as the ongoing upgrades after the transition to a Proof of Stake system, which aims to increase speed, reduce network fees, and enhance scalability.
Technically, the price of Ethereum typically moves in directions linked to the general market movement, especially Bitcoin. Support and resistance levels on the medium-term timeframe are usually monitored to determine the probabilities of upward or downward movement. If important resistances are breached with strong trading volumes, this may indicate a continuation upward. Conversely, breaking central support levels may open the door to a downward wave.
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What is your expectation for the future of Ethereum?
Do you expect it to rise or fall in the near term? And what price level do you think it could reach?
In this way, you seem to understand the fundamentals and technicals without falling into the trap of exaggerated expectations, and it opens the door for diverse opinions that may feed your future analysis.
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