$ETH
🔹 Ethereum ($ETH) Market Analysis 🔹
Ethereum has been performing solidly over the past few days, with its price hovering around $3,000. However, several factors may influence its short-term movement.
📊 Key things to consider:
Whale Movements 🐋: Large accumulations of ETH have been detected, suggesting long-term confidence.
Gas Fees ⛽: Although they have decreased with L2 solutions like Arbitrum and Optimism, they still affect activity on the network.
Ethereum 2.0 and Staking 🏦: Over 20% of the total ETH supply is staked, reducing the available supply on exchanges.
📉 Conclusion:
If ETH holds $3,000, we could see a resistance test at $3,200. But if the support fails, the price could drop to $2,850.
