Ethereum is once again attracting investor attention due to its recent price increase and significant staking activity in the network.
Current Price Dynamics of Ethereum
Today, Ethereum has shown a noticeable price increase, returning to the week’s highs. Over 35 million ETH is locked in staking, representing almost 30% of the total supply, reducing liquidity on exchanges. Such a supply squeeze often leads to sharp price surges when demand increases.
Short-Term Analysis and Support Levels
Currently, Ethereum's price is holding well, with no signs of forming a top yet. Importantly, as long as the price remains above the recent swing low of $2,415, there is a good chance the uptrend will continue. Following the opening of the futures market, ETH's price quickly jumped, testing Thursday’s high.
Growth Prospects and Forecasts
If Ethereum can push past the current resistance level, next targets may be around $2,570 and $2,620. Breaking through these levels would be a strong signal that bulls are back in control. In the short term, everything depends on how Ethereum handles current levels: if it remains strong and breaks above this week's high, it could trigger a new wave of buying, but falling below $2,415 may indicate a pause or a brief pullback before attempting to move higher.
The situation in the Ethereum market remains dynamic, and further price movements will depend on support levels and the ability to overcome current highs.
