$ETH

ETH recent trend analysis and future prospects

The recent price trend of Ethereum (ETH) has shown certain oscillation characteristics. As global economic uncertainty increases and the impact of the Bitcoin ETF application progress, the ETH market is repeatedly tested between support and pressure levels. The recent ETH price has benefited from the improved network performance, reduced transaction costs and increased staking participation rate after the Ethereum 2.0 upgrade. These benefits have consolidated market confidence. Despite this, changes in the macroeconomic environment, the Federal Reserve's monetary policy, and Bitcoin price fluctuations still have a significant impact on the trend of ETH.

From a technical perspective, ETH's current key support level is around $3300. If it can hold firm, it may attract more buyers to intervene; while the upper pressure is concentrated on the $3700 line, a breakthrough of this level will require significant growth in trading volume. Looking forward to the future, if the Layer 2 solution further matures, the scalability of the Ethereum network will be further improved. At the same time, the recovery of the NFT and DeFi ecology may also bring new growth momentum to ETH. Investors need to pay close attention to the fundamentals of Ethereum's ecological development and be wary of market fluctuation risks. $ETH