Ethereum has surged over 35% this week, with the possibility of breaking and closing above $3,000 due to the Trillion Dollar Security initiative by the Ethereum Foundation.
ETH outpacing other top cryptos, including meme coins like TRUMP and WIF, and boosting ecosystem tokens like PEPE, Uniswap, AAVE, and ENA.
Technically, ETH is positioned to extend gains and potentially outperform Bitcoin in the short to medium term, with a breakout formation and target of $3,000 if prices breach $2,800.
The Ethereum Foundation announced the 'Trillion Dollar Security' initiative to fortify Ethereum, while BTCS is raising funds to expand Ethereum validator operations in response to institutional accumulation of ETH.