After a modest 3% rally, Ethereum (ETH) is currently hovering near $2,520, facing key resistance levels and fragile support.
ETH's chart analysis shows it stabilizing near $2,520, with resistance at $2,665 and $2,720; a clear break above $2,735 could lead to a path towards the $3,000 target.
Ethereum's Layer 2 ecosystem is expanding, with Robinhood selecting Arbitrum to power its stock platform, potentially boosting transaction volumes.
Institutional inflows into Ethereum ETFs, positive on-chain momentum, and increasing popularity of Ethereum staking are all contributing to a bullish outlook, with a potential rally to $3,000 if key levels are maintained.