@vivienneol9
Ethereum's response to rising Dencun upgrade adoption metrics
Ethereum’s Dencun upgrade adoption has been growing rapidly, improving network efficiency and reducing gas fees. This has boosted both developer and user sentiment, which may support ETH’s price recovery. The market perceives Ethereum as undervalued compared to Bitcoin. Technically, ETH is forming a bullish ascending triangle, with resistance at $3,600. Strong adoption metrics can push ETH above that level. In the short term, a breakout to $3,800 is possible. Long-term potential remains strong if L2 ecosystems continue expanding. 2-week forecast: $3,400–$3,800.
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