Overview of Ethereum (ETH):

• Ethereum is the second largest cryptocurrency by market capitalization after Bitcoin.

• It relies on smart contracts and is considered the backbone of most decentralized applications (DeFi, NFTs, and others).

• Currently, it operates on a Proof of Stake system after the major upgrade known as “The Merge”.

Regarding the price (as of April 2025):

• Its price fluctuates between approximately $3,000 and $3,600.

• Ethereum is trying to break through strong resistance levels, and if it manages to break them, it could reach levels of $4,000 and above.

• Current strong support is around $3,000 and $2,800.

Currently Influencing Factors:

• Institutional adoption of the network (e.g., ETFs or new DeFi projects).

• Future updates to the network like Proto-Danksharding to improve capacity.

• Movements of Bitcoin, as they directly impact $ETH #Binance #SUGAR .