$ETH Fundamental Factors

• Ethereum 2.0 and Staking: The supply of ETH is continuously decreasing due to staking and token burning, creating a deflationary effect.

• DeFi & NFTs: Ethereum remains the most widely used smart contract platform.

• ETF Expectations: Speculation around the approval of a spot ETH ETF in the U.S. is generating positive sentiment. If approved, it could lead to significant institutional capital inflows.

Technical Overview

• Support levels: 2300 USD, followed by the 2200 and 2000 USD zones

• Resistance levels: 2500 USD, then around 2700 USD

• Moving averages: ETH is trading below its 50-day moving average but near the 200-day average – indicating a technically uncertain setup.