$ETH

Ethereum ($ETH) has surged 17% recently, breaking past $1,700 resistance and crossing the 200-period SMA. The rally, fueled by high short liquidations and positive funding rates, reflects growing bullish momentum. Declining CME short positions and easing macroeconomic fears, like tariff uncertainties, have boosted market confidence. However, analysts warn that resistance near $1,800 could challenge further gains. Vitalik Buterin’s proposal to swap the EVM for RISC-V aims to enhance efficiency, though it sparked a brief 1% dip. With capital flowing in, $ETH’s outlook remains promising.

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Despite the bullish run, $ETH faces hurdles. The crypto market’s sensitivity to macro news means sustained positive developments are needed for a bullish trend. Increased inflows to accumulation addresses signal long-term confidence, but sellers could dominate if resistance holds. Ethereum’s ETF net assets have dropped over 60%, raising concerns about value accrual. Still, with Bitcoin climbing above $92,000 and broader market optimism, $ETH could ride the wave if trade tensions continue to ease and derivatives traders maintain their risk-on stance.

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