Ethereum Price Analysis: Staking Surge Signals New Upside Phase
Ethereum price shows signs of stabilization with technical patterns and record staking metrics indicating a potential upside phase. Analysts note a re-accumulation structure, with key support at $3,000 and a target near $3,600 if resistance is cleared. The macro environment suggests a cycle acceleration zone, with Ethereum reclaiming higher resistance levels. Additionally, nearly 30% of Ethereum's supply is staked, reducing liquid supply and potentially amplifying price reactions. This bullish structure is supported by long-term holder conviction and may lead to new cycle highs if current trends continue.
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