$ETH

Current Price: $2,703.21

• Market Sentiment: Bullish

• Recent Developments: Ethereum has seen a significant increase in smart contracts deployed on its blockchain, which is a positive fundamental indicator. Additionally, Ethereum’s price has been supported by institutional inflows and improved regulatory clarity.

Trading Signal:

• Target Price: $2,900

• Stop Loss: $2,500

Insights:

- Bullish Indicators: Technical indicators on Ethereum’s daily chart remain bullish, with the price recently gaining 1.59% over the 24-hour period. The price is expected to reach $2,632.03 by the end of the week.

- Fundamental Strength: Ethereum still holds over $65 billion in total value locked and supports a large ecosystem of decentralized applications. The economic security of the platform relies on more than a million validators who stake 32 ETH each.