$ETH Technical and Strategic Update

After recently testing the **$3000** psychological support, Ethereum is trading at **$3220** amidst signs of recovery. Influencing factors:

### 1. **Technical Upgrades**

- Successful upgrade of **Dencun** in reducing transaction costs on Layer 2 (L2).

- Development of **transition to PoS** increases efficiency and reduces emissions by 99%.

### 2. **Regulatory Landscape**

- Progress on **ETF approvals** in the United States may boost institutional demand (especially after the success of the Bitcoin ETF).

### 3. **Technical Indicators**

- **Resistance**