Ethereum Price Holds Steady Above Key Moving Averages Amid Staking Boom
Ethereum traded at USD 2,693, up 1.63% on the day, while remaining above key short- and long-term moving averages.
Spot accumulation, rising staking activity, and corporate treasury holdings continued to support market demand.
The Ethereum price held above its 20-period moving average at USD 2,677 and its 50-period average at USD 2,680 on the hourly chart.
However, mixed momentum indicators and large derivatives positions showed that traders remained divided over Ethereum's next major move.