Ethereum slipped below $3,050, driven by futures liquidations and profit-taking across the market.
Despite the drop, analysts remain bullish, citing:
- Rising staking deposits
- Lower gas fees
- Continued L2 ecosystem growth (Arbitrum, Base, Optimism)
Crypto analyst Benjamin Cowen notes ETH is still in a “bullish macro structure” despite short-term weakness.
ETH is currently trading around $3,045.
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