Ethereum ($ETH) is currently trading around the $2,250–$2,350 range as the market shows mixed momentum. Analysts are closely watching the key resistance near $2,400, while strong support remains around $2,200. Recent trading activity suggests buyers are slowly returning after weeks of consolidation. Market sentiment for ETH remains cautiously bullish due to growing staking participation, Layer-2 expansion, and continued institutional interest. Nearly 30% of Ethereum’s circulating supply is reportedly staked, helping reduce selling pressure across exchanges. However, ETH is still underperforming against Bitcoin in the short term, with the ETH/BTC ratio recently hitting a 10-month low. Traders believe a breakout above $2,400 could restart bullish momentum toward $2,750 and beyond in the coming weeks $ETH