$ETH

#ETH Quick Analysis of the Ethereum Market

The Ethereum currency has shown strong performance recently, holding above the $3,000 level despite market fluctuations. The primary support comes from the expansion of network usage in DeFi and NFTs, in addition to the recent upgrade that improved efficiency and reduced fees.

Technically, a clear breakout above the resistance area of $3,200 could push the price towards $3,500 and then $3,800. However, if momentum is lost, we may return to test the $2,850 area as a key support.

The market is in a state of anticipation, and technical analysis supports the continuation of the upward trend unless a strong shock occurs in the market.

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