$ETH Ethereum (ETH) today:
📈 Price & Technicals: ETH is currently trading around $4,318–$4,400, showing stability above the key $4,250–$4,300 support level. However, it faces immediate resistance near $4,360. Technical indicators are mixed: RSI shows positive signs after recent oversold conditions, but trading below the EMA50 on short-term charts suggests lingering bearish pressure .
📉 Fundamentals: Network revenue dropped 44% in August, raising concerns about long-term sustainability despite price resilience. This is largely due to the Dencun upgrade reducing Layer-2 transaction costs, which benefits scalability but hurts fee revenue .
🏦 Institutional Interest: Strong institutional adoption continues (e.g., $40M raised by Etherealize), but recent Ether ETFs saw significant outflows ($787.6M over four days) .
🔮 Short-Term Outlook: Expect sideways movement between $4,200–$4,500. A break above $4,360 could push ETH toward $4,500–$4,550, while failure may lead to a test of $4,220–$4,260 support .
In summary: ETH is technically stable but fundamentally challenged, with mixed signals between institutional support and declining network revenue.
#AltcoinMarketRecovery