Overview
- ETH is consolidating above $3,280 after tapping a $3,402 high, with near-term hurdles at $3,320, $3,350, $3,385 and a key pivot at $3,450.
- Analysts say a clean break over $3,450 could open a move toward $3,500–$3,550 and potentially $4,000, while a loss of $3,280–$3,260 risks a deeper pullback.
- Network growth has accelerated, including a record 393,600 new wallets in a day and a new weekly transacting-user peak near 889,300.
- Staking has reached roughly 35.8 million ETH (about $118 billion) with more than 976,000 active validators and a sizeable queue for future staking.
- Institutional interest is rising as Standard Chartered lifts its year-end target to $7,500 and treasury accumulation grows, including BitMine Immersion’s additional 154,304 ETH stake, though macro and ETF flows remain potential headwinds.