#WhaleDeRiskETH
Ethereum (ETH) is trading at $2,094.67, reflecting a decrease of 0.5% over the past 24 hours, as the price movement remains constrained below the resistance level of $2,120.
Short-term forecasts show limited momentum, with selling pressure easing but buyers have not yet regained a firm control over the trend.
Driving Factors
The upcoming Glamsdham network upgrade, scheduled for 2026, is expected to enhance scalability and reduce fees, attracting long-term investor interest.
Increased regulatory clarity in major markets is improving sentiment regarding institutional adoption of Ethereum.
Rising inflows into Ethereum-backed exchange-traded funds indicate strengthening institutional demand, providing a fundamental support layer.
Trading Strategy
Traders may consider strategies ranging from $2,090 to $2,120 until a breakout or decisive break occurs.
A close above $2,120 could lead to a retest of the $2,150 level, while a drop below $2,090 could open the door for a decline towards $2,050 $ETH
