$ETH

Ethereum (ETH) has shown resilience in today's market, currently trading around the $3,000 mark. Despite some earlier volatility, ETH has found steady support, fueled by positive sentiment surrounding potential ETF approvals and continued network development. The Merge's long-term effects continue to be a bullish factor, reducing supply and increasing staking yields.

Trading volume remains healthy, indicating sustained interest. However, caution is advised as broader market conditions and regulatory news could still introduce fluctuations. Key resistance levels to watch are around $3,100 and $3,200, while support holds near $2,950. Investors are closely monitoring upcoming DeFi innovations and layer-2 scaling solutions for further catalysts. Overall, the short-term outlook for ETH appears cautiously optimistic, contingent on maintaining current support and positive market momentum.