<ul><li>Ethereum is facing volatility as it consolidates below the $2,700 resistance level, with strong support but no breakout momentum.</li><li>Analyst Ted Pillows notes that Ethereum's daily gas usage has been steadily rising since 2016, indicating real and growing demand driving network activity.</li><li>Despite global tensions and market pressures, Ethereum's fundamentals remain strong, positioning it for a potential breakout as sentiment turns bullish in the crypto space.</li><li>ETH is currently trading at $2,617, consolidating under the $2,700–$2,800 resistance zone, with key moving averages providing support, and potential for a breakout above $2,800 for a move towards $3,000–$3,200.</li></ul>

Ethereum Daily Gas Usage Hits New Highs – Real Demand Powers ETH Growth

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