#EthereumFuture Ethereum is currently hovering around the $3,200 mark, consolidating after a sharp rise earlier this month. The price remains above the 50-day moving average, signaling ongoing strength despite reduced trading volume.

Blockchain metrics show a steady decline in exchange balances, which typically indicates accumulation. Meanwhile, second-layer ecosystems are rapidly growing, supporting the long-term value of ETH. Traders are watching for a breakout above $3,350 — a move that could reactivate momentum towards $3,800.