Price Action & Market Mood
•
$ETH price is trying to recover after consolidating above ~$2,950 — bulls may push higher if it breaks above ~$3,050 resistance soon.
• New on-chain data shows a surge in new
$ETH holders (5-month high) despite weak transaction activity, suggesting mixed signals for price momentum.
• Broader crypto markets have mixed moves today, with Bitcoin and other top assets also showing volatility.
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Market context: Institutional interest and macro trends (laws, regulations) continue shaping sentiment around
$ETH and other crypto assets.
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