Ethereum Defies Gravity: $2,450 Support Holds Strong as Network Activity Explodes

Ethereum's price floor just passed its stress test—again. Despite macro headwinds rattling crypto markets, ETH refuses to buckle below $2,450. Meanwhile, the network's growth metrics are printing green across the board.

Network Surge Defies Bearish Sentiment

While TradFi analysts were busy downgrading crypto forecasts (shocking, we know), Ethereum's fundamentals quietly accelerated. Transaction volumes and active addresses spiked—the kind of organic growth that makes technical support levels stick.

The $2,450 level isn't just psychological support anymore. It's become a battleground where paper hands get shaken out and institutional accumulation begins. Watch for volatility as shorts get squeezed against this hardening floor.

Of course, Wall Street will claim they saw it coming—right after they finish explaining why last week's 'inevitable breakdown' didn't happen.

Conclusion

Ethereum’s long-term fundamentals are strengthening, supported by soaring network growth and potential regulatory breakthroughs like the GENIUS bill. Yet, the immediate ethereum price forecast hinges on whether ETH can hold its current support level and regain bullish momentum.

With market sentiment still on edge and technical indicators flashing caution, Ethereum remains one of the most closely watched assets in the crypto space. The next few days could prove pivotal.