$ETH Current State of the Market
ETH is trading at approximately USD 2,576, with a slight intraday increase of 0.5%, moving between USD 2,466–2,580.
In comparison, over the last 7 days, it has advanced by 2.4%, outperforming BTC (~1%).
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🚀 Recent Catalysts
The progress of stablecoins on Ethereum has strengthened activity, as nearly half of these assets are issued on this network.
Constant institutional flows in ETFs like BlackRock ETHA have recorded 4–7 weeks of inflows, totaling hundreds of millions additional.
The Pectra upgrade, along with upcoming regulations on stablecoins and staking in the U.S., strengthens the technical and institutional use case.
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📊 Technical Analysis and Key Levels
ETH remains consolidated in the range of USD 2,400–2,700, with strong support at USD 2,460–2,500.
Its recent breakout above USD 2,800 opened the door to further increases, driven by rising volumes.
Technical indicators such as the Gaussian channel and RSI show bullish signals, pointing to a range of USD 3,000–3,600.
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🔮 Future Scenarios
Scenario Keys
Bullish Staying above USD 2,800 could propel ETH towards USD 3,000–3,600.
Corrective A pullback below USD 2,500 could retreat to USD 2,400–2,350.
