The Glamsterdam Upgrade: Developers are successfully moving forward with the Glamsterdam hard fork on the Sepolia Testnet. This network upgrade focuses on splitting block building and block proposing via ePBS alongside optimized access lists. These enhancements aim to increase mainnet transaction speed and win back market share from Layer 2 rollups.
Institutional Accumulation: Large whale addresses have resumed accumulation phases. While spot ETH ETFs have seen consecutive outflows recently, Citigroup recently revised its long-term Ethereum price prediction target to $3,028.
Crucial Price Levels:
🔹 Immediate Support: $2,500 – $2,450 range. If defended, it acts as a reliable floor for a reversal.
🔸 Immediate Resistance: $2,640 – $2,700. A successful breakout here is necessary to target a path back toward $2,800.
#Ethereum #ETHUSD #cryptotrading #EthereumNews #TechnicalAnalysis #Binance #CryptoMarket
Institutional Accumulation: Large whale addresses have resumed accumulation phases. While spot ETH ETFs have seen consecutive outflows recently, Citigroup recently revised its long-term Ethereum price prediction target to $3,028.
Crucial Price Levels:
🔹 Immediate Support: $2,500 – $2,450 range. If defended, it acts as a reliable floor for a reversal.
🔸 Immediate Resistance: $2,640 – $2,700. A successful breakout here is necessary to target a path back toward $2,800.
#Ethereum #ETHUSD #cryptotrading #EthereumNews #TechnicalAnalysis #Binance #CryptoMarket