Ethereum is facing volatility below the key $2,700 resistance level, with bulls and bears battling for control.
Top analyst Ted Pillows highlights Ethereum's rising daily gas usage since 2016, indicating real demand driving network activity.
Ethereum's fundamentals show strength despite market uncertainties, positioning it as the foundation of decentralized finance and NFTs.
If Ethereum can break above the $2,700 resistance level, it may lead to a broader rally toward higher levels, supported by technical and on-chain data.