@dnightknight66
Ethereum’s recent Gas fee decline, driven by Layer-2 scaling solutions, has boosted DeFi activity by lowering transaction costs. This enhances user adoption in protocols like Uniswap, increasing ETH’s utility. However, lower fees reduce ETH burn, potentially easing deflationary pressure and capping price upside. ETH trades at $2,310 support, with resistance at $2,850. The RSI (42.86) suggests bearish bias, but DeFi growth could drive demand. Over the next three months, ETH may test $2,850 if DeFi momentum continues, but a drop to $2,200 is likely if broader market corrections persist.
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