$ETH
🔷️ Ethereum is showing gains today, reaching $2,711.34, up 3.06% from the previous day. However, analysts are predicting a possible price decline of 17.31% to $2,255.40 by February 24, 2025 .
🔷️Market Sentiment The Crypto Fear & Greed Index for Ethereum is at 44, indicating that fear is prevalent among investors. This could be due to the recent 18.18% price decline over the past month .
🔷️Technical Support and Resistance Levels Key support levels for Ethereum today are at $2,609.53, $2,546.06, and $2,474.73, while resistance levels are $2,744.33, $2,815.66, and $2,879.13 .
🔷️Ethereum Fees Drop Ethereum fees have dropped by 70%, reaching their lowest since 2020. This could contribute to increased user and developer activity on the network .
🔷️Institutional Interest Despite declining investor interest, Ethereum remains the leader in the Layer 1 blockchain segment, controlling 54% of the decentralized finance (DeFi) market .
🦾😎 🤳Analysts note that Ethereum may break the $3,000 level in the near future if bulls can hold current support levels
