$ETH back at $3.2K — resistance or base? 📊
#Ethereum trades at $3,212, but the market remains cautious.
Key data points:
📉 ETH failed to hold above $3,300 multiple times in the last 60 days
🔄 DEX activity cooling: 7-day ETH
#DEX volume ~$9B, down 65% from October
💸 Network fees collapsed 87% in 3 months ($21.3M → $2.6M)
What’s holding ETH back?
Layer-2s drive most activity, while cheaper L1 rivals compete for users
Broader crypto market weakness + US macro uncertainty
No clear catalyst for a sustained move toward $4,000
Still, Ethereum dominates:
🏦 ~50% share of DEX activity (ETH + L2s)
🔒 Leading TVL, signaling institutional preference
🧩 Rollup-first scaling keeps fees low by design
👉 Does $3.2K flip to support, or is ETH stuck in range?
Source: Cointelegraph