#ETH🔥🔥🔥🔥🔥🔥 Recent Developments & Market Moves
ETH dropped ~11.3% over the past week, reflecting broader market pressure.
It’s now trading near oversold levels. The 4-hour RSI recently dipped to ~27 — one of its weakest points this year.
In 2025, Ethereum deployed the Pectra upgrade (Prague + Electra) with enhancements for staking & usability.
The upcoming Fusaka upgrade (expected late 2025) is forecasted to further improve throughput and cut transaction costs.
Institutional interest is rising. Spot ETH ETFs have injected fresh capital, helping support price floors.
Major forecasts vary:
• Standard Chartered bumped its year-end ETH target to $7,500 citing rising stablecoin activity on Ethereum.
• Citi is more cautious: projecting ~$4,300 for 2025.
• Some analysts (e.g. Tom Lee) remain very bullish, forecasting ETH could hit $12,000-$15,000 by year end.
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📈 Outlook & Key Levels
Support zone: ~$3,850–$3,995 is critical in short term.
Resistance zone: ~$4,200–$4,300 may act as a barrier for any bounce.
A rebound of 10–15% is possible if oversold momentum reverses. But strength above resistance would be needed to confirm a trend change.
The success of the Fusaka upgrade and continued institutional inflows will be key catalysts.$ETH