$ETH Ethereum Prepares for Important Breakthrough
The ETHUSDT pair continues to trade within a confined range, attempting to maintain its main support at the $3,500 level. Technical indicators show some positive signs, as the price is moving above the short-term moving averages, which could pave the way for a bullish surge towards $3,800 if the breakout is confirmed. On the fundamental side, the Ethereum network continues to witness significant growth in the number of decentralized projects and smart contracts, supporting the increasing demand for ETH. Should the situation stabilize in traditional markets, Ethereum could be one of the biggest beneficiaries in the upcoming quarter. Investors are closely monitoring this pair for strong trading opportunities.
