Ethereum Dips, But Long-Term Strength Remains 🚀
$ETH recently dropped to $3,378, showing an 8.17% decline. Short-term technical indicators signal bearish pressure, with RSI at 45 and MACD giving a sell signal. However, there are still positive signs:
✅ Network Activity: Over 1.2M daily transactions and 200M unique addresses show strong usage.
✅ Futures Sentiment: 55% long positions and a positive funding rate suggest confidence.
✅ Institutional Interest: Potential Ethereum ETF approval could drive demand.
Short-Term Outlook: ETH might test the $3,300-$3,200 range if bearish momentum continues.
Long-Term View: Strong fundamentals could support a recovery towards $4,000 with positive market catalysts.
I remain confident and hold my position. Markets test patience, but fundamentals don’t lie.
