$ETH

Over the past week, Ethereum (ETH) has shown a relatively stable yet slightly bullish trend. After dipping to around $3,250, ETH rebounded, climbing past $3,500, driven by broader market optimism and anticipation around the Bitcoin halving. Trading volume increased moderately, indicating growing investor interest. Technical indicators show ETH trading above its 50-day moving average, suggesting a short-term bullish sentiment. The RSI remains near neutral, implying room for further upside without being overbought. Market sentiment has also been influenced by positive developments in Ethereum’s Layer 2 ecosystem and increasing institutional interest. However, macroeconomic factors like inflation data and Federal Reserve commentary continue to create uncertainty, which could impact momentum. In the short term, ETH may test resistance at $3,600, while support lies near $3,400. A sustained break above resistance could open a path toward $3,800, though caution remains warranted amid external volatility.