$ETH /USDT — 🟢 LONG · Conf 80%
📍 Entry: 2,688.79 – 2,704.95
🛑 SL: 2,534.00
🎯 TP1: 2,831.71
✅ TP2: 2,939.87
🏆 TP3: 3,101.79
Price has broken above all three MAs with MA7 (2,673) crossing above MA25 (2,635) — a confirmed 1H bullish crossover off the 2,564 base.
$ETH : Ethereum is the dominant smart contract platform secured by Proof of Stake — Pectra upgrade is expected to raise validator staking limits and improve blob throughput for L2s; risk is that L2 success continues suppressing L1 fee burn and ETH's deflationary narrative.
With L2s absorbing the majority of Ethereum's transaction volume, does ETH's value accrual model fundamentally depend on L2s eventually becoming more expensive — and is that a healthy long-term dynamic?
#ETH #Ethereum #Layer2 #pectra #altcoins
📍 Entry: 2,688.79 – 2,704.95
🛑 SL: 2,534.00
🎯 TP1: 2,831.71
✅ TP2: 2,939.87
🏆 TP3: 3,101.79
Price has broken above all three MAs with MA7 (2,673) crossing above MA25 (2,635) — a confirmed 1H bullish crossover off the 2,564 base.
$ETH : Ethereum is the dominant smart contract platform secured by Proof of Stake — Pectra upgrade is expected to raise validator staking limits and improve blob throughput for L2s; risk is that L2 success continues suppressing L1 fee burn and ETH's deflationary narrative.
With L2s absorbing the majority of Ethereum's transaction volume, does ETH's value accrual model fundamentally depend on L2s eventually becoming more expensive — and is that a healthy long-term dynamic?
#ETH #Ethereum #Layer2 #pectra #altcoins
