$ETH

Ethereum ($ETH) has shown a sustained upward trend in recent days, driven by both technical and fundamental factors. The increase in institutional interest, combined with optimism for the possible approval of spot Ethereum ETFs in the U.S., has generated strong buying pressure. On a technical level, ETH has broken key resistances, consolidating above $3,200, with projections pointing to $3,500 as the next target. The growing activity on the network, with greater use of smart contracts and an increase in staking, reinforces the perception of long-term value. Additionally, the decrease in circulating supply, as a result of updates like EIP-1559, strengthens its deflationary narrative. However, caution is recommended in the face of potential technical corrections, especially if the global market shows signs of risk aversion. In summary, ETH maintains a solid bullish structure with fundamentals supporting its momentum.