$ETH is trading above key support near ~$3,200 today, showing modest gains and resilience.
Price action suggests a consolidation phase with traders watching the $3,150–$3,300 range closely.
Technical charts show potential for a breakout if ETH clears short-term resistance above ~$3,150.
Whale activity and institutional staking remain supportive, adding confidence to holders.
Near-term targets point toward ~$3,400–$3,450 if bullish momentum strengthens.
Bearish risk exists below critical support around ~$2,900–$2,775 on weaker sentiment.
Market sentiment is mixed but leaning cautious, with traders balancing risk and potential upside.
Overall outlook remains cautiously optimistic: ETH holds major support and may rally if buying pressure increases.
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