Ethereum/Tether
Long
Updated

DeGRAM | ETHUSD Holds Above the Demand Zone

309
📊 Technical Analysis
ETHUSDT is in an ascending channel with support at ~$1 580 intact, forming higher lows. It broke above a key trendline, signaling bullish momentum. Above ~$1 660, the next target is ~$1 800. A wedge breakout and firm support reinforce the bullish bias.

💡 Fundamental Analysis
Upgrades like Proto-Danksharding (EIP-4844) are set to boost scalability and cut fees. Spot ETH ETF speculation is driving institutional interest. On-chain activity is rising, and growth in DeFi, NFTs, and layer-2 ecosystems adds to bullish sentiment.

Summary
ETH’s technicals and fundamentals align bullishly, suggesting a rally if key resistances clear.

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snapshot
📊 Technical Analysis
ETH holds the $1 580 support; a daily close above $1 660 would unlock ~$1 800.

💡 Fundamental Analysis
  • EIP‑4844 is entering final testing, promising sharply lower roll‑up fees and higher L2 demand.
  • CME spot‑quoted ETH futures launch this month, widening regulated access.
  • PayPal’s PYUSD expansion on Ethereum increases retail on‑ramps.
  • Layer‑2 TVL keeps climbing alongside restaking growth.

Summary
Scaling upgrades, new institutional products and expanding on‑chain use back the bullish chart view: hold above $1 660 and a push toward $1 800+ remains likely.

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Trade closed: target reached
Ethereum showed a 12% growth from our prediction!

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