📉 Ether (ETH) took a nosedive last week, but don't let that get you down! 😎 It's bouncing back, and traders are dusting off their diamond hands. 💎🙌

ETH supply on exchanges is dwindling, suggesting HODLers are in it for the long haul. Meanwhile, the Ethereum network's total value locked (TVL) remains steady, showing resilience despite high transaction fees.

And let's not forget the upcoming Ethereum ETF in the US! 🚀 While the exact timeline remains as elusive as Satoshi Nakamoto, the potential inflow could give ETH a significant boost.

Layer-2 solutions are also gaining traction, offering a cheaper alternative for transactions. So, despite the recent dip, ETH derivatives and onchain metrics are still bullish.

What do you think? Will ETH break the $3,400 resistance soon? Let's discuss in the comments! 💬 Remember, always do your own research before making investment decisions. 🧐