Ethereum is showing strength, with traders aiming for $3,500 driven by institutional demand, particularly from Wall Street.
ETH has rallied, surpassing $2,900 and may reach $3,500 soon, supported by favorable technical indicators.
Institutions like World Liberty Financial have been accumulating Ethereum and Ethereum-based tokens, with over $150 million worth of ETH held in DeFi projects.
Interest from Wall Street firms, increasing ETH staking rewards, and positive price targets indicate a strong bullish trend for Ethereum.