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Ethereum (ETH) is trading at $2,914, showing a slight decline amid consolidation below $3,000 resistance. Traders are weighing macro factors and network metrics as ETH eyes potential bullish catalysts in 2025, including spot ETF approvals and staking dynamics.
- ETH is consolidating below $3,000 resistance, with technical indicators pointing to a neutral-to-bullish trend.
- Over 25% of ETH supply is staked, reducing sell pressure and creating a potential supply crunch.
- Spot ETH ETF approvals in 2025 could serve as a major bullish catalyst for Ethereum's price.
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