@arizy.base.eth
Ethereum (ETH) Short-Term Prediction:
ETH is cautiously bullish, trading in a range and heavily influenced by Bitcoin's price and the potential for a Spot Ethereum ETF approval.
Bullish Factors: Increased network scalability after the Dencun upgrade, long-term deflationary supply, and strong fundamentals in DeFi.
Key Resistance: Breaking above $3,400 could confirm an upward trend.
Key Support: Holding above $2,800 - $2,900 is crucial to prevent further decline.
Overall: The market is awaiting major regulatory news to determine the next significant move.
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