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Hello, crypto enthusiasts!
Ethereum or ETH is back in the spotlight. After experiencing pressure in recent months, ETH is starting to show signs of recovery and is trading again around $1,700 after previously dipping near $1,500.
One factor that keeps investors optimistic is the Ethereum ecosystem, which continues to host thousands of DeFi applications, NFTs, and blockchain projects. Developer activity also remains high, while various network upgrades are being prepared to improve scalability and efficiency.
On the other hand, the market is still overshadowed by macro sentiment and ETF fund flows that have not fully recovered. Some analysts even lowered their price targets for ETH over the next 12 months due to still unstable market conditions.