$ETH is currently moving around the $2,250–$2,350 zone, and the market is starting to show signs of strength again after weeks of slow consolidation. Traders are now closely watching the important $2,400 resistance level, while the $2,200 area continues to act as strong support for Ethereum.

What’s interesting is that recent activity on Binance suggests buyers are slowly stepping back into the market. The selling pressure that dominated earlier weeks appears to be weakening, and momentum is beginning to shift in favor of the bulls.

The overall sentiment around Ethereum still remains cautiously bullish. One of the biggest reasons behind this confidence is the massive growth in ETH staking and the rapid expansion of Layer-2 ecosystems. Reports show that nearly 30% of Ethereum’s circulating supply is now staked, which is helping reduce the amount of $ETH available for selling on exchanges.

At the same time, institutional interest in Ethereum continues to grow, keeping long-term expectations positive despite short-term volatility.

Even though ETH has been underperforming against Bitcoin recently — with the $ETH /BTC ratio touching a 10-month low — many traders believe this could simply be a buildup phase before a stronger breakout. If Ethereum successfully breaks above the $2,400 resistance, analysts expect bullish momentum to accelerate quickly toward the $2,750 region and potentially even higher in the coming weeks.

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