$ETH $ETH Bullish Momentum Builds Amid ETF Optimism and On-Chain Growth

Ethereum ($ETH) is showing strong bullish momentum as it holds above key support levels, driven by renewed optimism surrounding a potential spot ETH ETF approval. On-chain metrics indicate increasing active addresses, rising staking participation, and steady developer activity. DeFi protocols on Ethereum are regaining TVL, and the upcoming Dencun upgrade continues to boost long-term scalability outlook. Institutional interest is growing as ETH solidifies its role beyond just a cryptocurrency, positioning itself as a core layer of Web3. With positive market sentiment and strong fundamentals, $ETH could be poised for a breakout in the coming weeks.