Ethereum at $2300: Relative Stability and Awaiting a Decision

The Ethereum (ETH) currency is currently trading near the $2300 level, amidst a state of anticipation in the cryptocurrency market. After a wave of volatility, it seems that ETH is trying to establish itself above the support level, awaiting new catalysts that may push the price higher.

Despite the relative calm, there remains strong interest in the project thanks to its uses in smart contracts, decentralized finance, and NFTs. With ongoing updates to the network, such as the full transition to Proof of Stake (PoS), some expect Ethereum to see upward movement if market conditions improve.

Conversely, others believe that more volatility may be on the horizon, especially if caution among investors continues.

The most important question: Is ETH ready for a new breakout? Or is it still too early?