Ether Stalls Near $3,200 as Momentum Fades

[nihalsari]

Ethereum’s native token, Ether (ETH), continues to trade around the $3,200 level after repeatedly failing to hold above $3,300 over the past two months. Despite multiple protocol upgrades and Ethereum’s dominant position in onchain deposits, traders remain unconvinced that ETH can reclaim $4,000 in the near term.

Much of Ether’s recent price action has mirrored broader crypto market capitalization, suggesting the lack of upside is driven less by Ethereum-specific issues and more by muted risk appetite and weaker overall demand for decentralized applications.

[etfs]

eth stuck at 3200 feels like watching paint dry lately