Ethereum Caught Between Pressure and Optimism

🔷Ethereum once again held above the $3,100 level after a brief dip, reflecting a split market sentiment. On one hand, the activity of a decade-old ICO wallet and rising open interest suggest long-term participants are returning. On the other hand, sizable sales by Arthur Hayes have raised concerns about short-term volatility and institutional caution.

🔷Analysts remain divided: some see the early stages of a new growth cycle, while others warn that ETH could revisit the $1,800 area. This polarization highlights the prevailing uncertainty, yet ETH’s resilience at key support levels leaves room for a potential recovery if broader market conditions improve.