Ethereum Price Outlook: ETH Holds Near $3,110 as $5.5B Staking Queue Tightens Supply Into Key Resistance

Ethereum is trading around $3,110 with daily volume near $6.5 bn and a market cap of about $375 bn, while price action compresses above a rising trendline. On-chain data show the Beacon Chain staking entry queue has climbed to 1.759 mn ETH (roughly $5.5 bn), supporting a potential breakout scenario toward the $3,250–$3,300 area if resistance near $3,180 is cleared.