Ethereum (ETH) is currently trading in a critical technical zone, where the next directional move is likely to be decided.
Market Structure:
ETH has shown a solid recovery in recent sessions, but overhead resistance remains strong.
A clean breakout with strong volume could open the door for further upside in the short term.
Key Levels:
🔼 Resistance: Nearby upper levels where selling pressure may appear
🔽 Support: Zones where buyers could step back in
Fundamental View:
Expectations around Spot ETFs and potential Fed rate cuts are supporting overall market sentiment.
Improving network activity and growth in the DeFi ecosystem remain long-term positives for ETH.
Conclusion: Short-term volatility is likely, but for long-term holders, Ethereum continues to look fundamentally strong. As always, manage risk carefully.
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#ETH Market Update
Ethereum (ETH) is currently trading in a critical technical zone, where the next directional move is likely to be decided.
Market Structure:
ETH has shown a solid recovery in recent sessions, but overhead resistance remains strong.
A clean breakout with strong volume could open the door for further upside in the short term.
Key Levels:
🔼 Resistance: Nearby upper levels where selling pressure may appear
🔽 Support: Zones where buyers could step back in
Fundamental View:
Expectations around Spot ETFs and potential Fed rate cuts are supporting overall market sentiment.
Improving network activity and growth in the DeFi ecosystem remain long-term positives for ETH.
Conclusion:
Short-term volatility is likely, but for long-term holders, Ethereum continues to look fundamentally strong.
As always, manage risk carefully.