Ethereum Price is Overheated Due to New Holders Hitting 5-Month High

Ethereum continues to struggle near the $3,000 level as repeated recovery attempts lose momentum. ETH trades just below this psychological barrier, reflecting cautious sentiment.   While investor interest is rising, on-chain activity remains muted. This imbalance is raising concerns that Ethereum’s price may be overheating without sufficient network usage to sustain gains source: https://beincrypto.com/ethereum-price-is-overheated/