$ETH Ethereum is anticipating a potential price explosion
The ETHUSDT pair is currently moving within a sideways range between $3,450 and $3,650, amid traders' anticipation of any fundamental or technical catalyst that could drive the price to break this range. The Ethereum network has recently witnessed new technical developments, including updates aimed at improving speed and reducing gas fees, which enhance the project's attractiveness in the long term. Additionally, increased interest from digital investment funds boosts demand for ETH. If the price successfully breaks the resistance at $3,700, we may see a strong surge towards $4,000. On the other hand, breaking the support at $3,400 could open the door for a deeper correction. Continuous monitoring is essential at this stage.
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