$ETH Ethereum (ETH) is consolidating near $3,000, with its next move hinging on key catalysts. Technical resistance looms at $3,200; a breakout could target $3,500. Conversely, failure to hold $2,800 support risks a dip toward $2,500. The SEC’s pending decision on spot Ethereum ETFs is pivotal—approval could ignite institutional inflows, while rejection may trigger short-term bearishness. Upcoming network upgrades (e.g., Dencun) aiming to enhance scalability and reduce fees could bolster adoption. Macro factors like Bitcoin’s volatility and Fed rate decisions may also sway sentiment. Overall, ETH remains range-bound until clarity emerges, with bullish momentum likely post-ETF approval or sustained DeFi/NFT demand revival.

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