$ETH /USDT — Fundamentals Leading, Price Still Catching Up
Ethereum continues to dominate where it matters most: real capital at work. While price action looks calm, ETH controls the majority of DeFi liquidity, reinforcing its role as crypto’s primary settlement layer.
Price Action
Price: Consolidating in a tight range
24H Move: Mildly positive, low volatility
Intraday High / Low: Range-bound, respecting key levels
What’s Driving It
Demand: ~59% of total DeFi TVL locked on Ethereum
Volume: Consistent on-chain activity despite muted speculative flows
Trend: Strong fundamental usage vs. lagging market valuation
Narrative Gap: Economic gravity not yet reflected in market cap
Key Levels
Support: Major demand zone below the current range (buyers consistently defend this area)
Resistance: Overhead supply zone where short-term traders take profit
Trend
Macro: Bullish (fundamentals-led)
Short-Term: Neutral to slightly bullish consolidation
Trade Idea
If ETH holds above key support and volume expands → look for continuation toward resistance and breakout attempt
If support fails → expect range rotation, not structural weakness, as fundamentals remain intact
Ethereum isn’t chasing hype — it’s carrying the infrastructure.
Price can ignore fundamentals for a while, but it can’t ignore them forever.
