1️⃣ Technical Analysis:
• Daily timeframe (D1): ETH is fluctuating around a strong support zone between $2,900 – $3,100.
• Nearby resistance levels: $3,500 and $3,800.
• RSI Indicator: Hovering around 48–52, indicating a neutral state, awaiting clearer signals.
• MA50 crossing MA200: A mild bullish signal, but further confirmation is needed through increased volume.
2️⃣ Key Fundamental Factors:
• Pending Ethereum ETF Approval: If approved, ETH could experience a significant price surge.
• DeFi & NFT Trends: After a quiet period, DeFi platforms are showing signs of recovery, which increases demand for ETH.
• U.S. Interest Rate Policies: If the Fed maintains or lowers rates, risk-on assets like crypto could benefit.
3️⃣ Expert Conclusion:
ETH is in an accumulation phase and has potential to rally if it breaks above $3,500 resistance. However, caution is advised if it falls below the $2,900
📌 ETH Wallet Address: 0x2B825aE39D6Cd2ba860B7Cd8DCB470c89d29e956