📊 $ETH Latest Market Update
🔹 Current Price: ~$3,100
🔹 Trend: Bearish in the short term
🔹 Monthly Performance: ETH is down over 22% this month, showing continued selling pressure.
📉 Market Overview
Ethereum has been moving in a consistent downtrend, with sellers dominating most of the recent sessions. Price has struggled to stay above $3,400, which now acts as a strong resistance zone.
On the downside, the key support to watch is $2,900. A break below this may open the way towards deeper support near $2,400.
🔧 Fundamentals to Watch
The upcoming Fusaka network upgrade is a major focus. It aims to boost scalability and improve Layer-2 performance. Successful implementation could strengthen ETH’s medium-term outlook.
📈 What Traders Are Watching
Bullish case: Reclaiming $3,400 could trigger a strong bounce.
Bearish case: Losing $2,900 may bring more downside.
Neutral: Wait for a clear breakout before entering big positions.
