Ethereum recently found himself on sales pressure, stopping the relentless stubborn rush, which at the beginning of this year pushed Eth to the fresh ups of all time. After an aggressive impulse, which began in April, the second largest cryptocurrency by market capitalization currently shows signs of fatigue, and analysts are debating whether it is simply a hearty correction or early stages of deeper withdrawal.

For some, renewal time is a natural breath after months of parabolic growth, which gives the market a chance to reset before the next higher leg. However, the risk of extended correction increases, especially when investors evaluate valuations in a wider cryptographic landscape.

Despite the current uncertainty, key data from Artemis suggest that the activity of the Ethereum network is far from cooling. Onchain indicators show the growing demand for block space, higher volume of transactions and coherent activity in decentralized ecosystems (DEFs) and layer 2.

This discrepancy between the price and basic operate indicates a powerful base, even when tiny -term traders block profits. The coming weeks will be of key importance to determining whether Ethereum stabilizes above key support levels, whether it slides into a deeper correction, with the power of the network potentially serves as an anchor, which maintains long -term bulls.

Ethereum fees emphasize strength among uncertainty

Ethereum still shows its dominance in the cryptocurrency ecosystem, even when the price campaign is in the face of pressure from broader market conditions. According to data From Artemis, divided by the analyst Ted Pillows, Ethereum generated $ 1.4 million of network fees yesterday – the highest of all blocks.

This number emphasizes the rooted Ethereum position as the most lively clever contract platform, strengthening its basic strength. Exalt production of fees is often related to the growing demand for block space, the operate of DEFI and the activity of layer 2, all of which indicate constant utility, regardless of tiny -term market swings.

This consistent leadership of fees is a powerful justification for the long -term continuation of the stubborn Ethereum. Even during consolidation periods, the ability to generate higher revenues than competitors emphasizes the network resistance and a rooted role in cryptographic infrastructure. Investors often perceive these indicators as signals with a constant value, which suggests that Ethereum remains well prepared for the next wave of capital influx after the market conditions stabilized.

Despite this, the macroeconomic background affects the direct trajectory of Ethereum. Jastrzębie’s data in the United States introduced fresh uncertainty into markets, even as the expectations increased that the federal reserve will ultimately be forced to reduce rates due to the constant weakening of the labor market. This war policy causes variability in the field of risk assets, including crypto. For Ethereum, this means that the basics remain powerful, but the price shares are at the grace of external economic signals.

Ultimately, Ethereum has a critical intersection: his network activities and the dominance of fees support stubborn perspectives, but Makro’s pressure still dictates a tiny -term direction. Regardless of whether ETH resumes its growth or expanding its correction, it may depend on the same federal reserve policy as well as its own fundamental shoot.

Price analysis: key resistance before

Ethereum currently has USD 4330, consolidating after a piercing rally, which reduced the price above USD 4,800 at the beginning of this month. The weekly table shows ETH persisting after a powerful breakthrough, and Bulls successfully regain key medium moving. The 50-week SMA after USD 2,931 and 100-week SMA after 2,874 USD are now far below current price levels, strengthening the stubborn Ethereum structure. Even 200-week-old SMA for 2,443 USD turned into distant support, emphasizing the strength of the last move.

While the rush remains on the Ethereum side, the chart also indicates caution. Rejection of nearly 4,800 USD shows that sellers are lively at higher levels, causing tiny -term resistance. However, as long as ETH lasts above 4000 USD, the strenks remains intact, and consolidation can serve as a basis for the next higher test. The decisive break above $ 4,800 would open the door to master the psychological barrier of $ 5,000 and probably set fresh highest levels.

On the other hand, the loss of USD 4000 can cause a deeper withdrawal, and USD 3,600 appeared as the first key support. In general, Ethereum is in a powerful technical position, but its next grave movement will depend on whether the bulls can have enough rush to overcome the resistance and extend the rally.

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