$ETH

🔥 #Ethereum Today: Ready for the Next Rally?

The ETH market shows interesting signs this #CryptoTuesday, with eyes on these key factors:

- Strong institutional support: Large funds continue to accumulate ETH, especially with the possible launch of Ethereum ETFs in 2024.

- Token burning: Over 450,000 ETH destroyed since the implementation of EIP-1559! This continues to make ETH scarcer over time.

- DeFi adoption: TVL (Total Value Locked) exceeds $50 billion, demonstrating that Ethereum remains the heart of decentralized finance.

📈 Technical Analysis:

- Key resistance: $3,500 (breakout could drive a new rally)

- Critical support: $3,000 (buying zone for "hodlers")

🔮 Forecast:

With upcoming scalability updates (Dencun, Proto-Danksharding), ETH could be gearing up for an explosive Q4.