$ETH is showing signs of resilience amid broader market fluctuations, currently trading around the $3,550 mark. After a mild pullback earlier this week, bulls are regaining confidence as trading volume begins to rise. Analysts point to increased on-chain activity, including growing ETH staking and L2 adoption, as positive long-term signals. Despite short-term resistance near $3,600, momentum indicators suggest potential for an upward breakout if BTC remains stable. Institutional interest is also a factor, with ETH-based ETFs continuing to attract attention. As always, traders should watch for macroeconomic cues and network upgrades that could impact price action.