Ethereum (ETH) is trading at $2,974, showing no change over the last 24 hours as it remains within a tight range of $2,959 to $3,012. The cryptocurrency has seen a 1.0% increase over the past week and a 4.8% gain in the last 14 days, but faces resistance near $3,000. Key support is identified at $2,963, with resistance at $2,990, as the market shows indecision. In a significant development, Ethereum has achieved a record high of 8.7 million contracts deployed in a single quarter. This growth is attributed to the expansion of roll-ups, Layer 2 solutions, real-world asset issuance, stablecoin usage, and wallet expansion. These factors indicate a robust organic growth in Ethereum's network capabilities.