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TronWeekly

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Ethereum Poised for Breakout as $2,750 Resistance Holds Strong

  • Ethereum is trading near $2,700, aiming for a breakout above the $2,750 resistance level to target $3,300.
  • Ethereum experienced $52.12 million in futures liquidations, reflecting volatility around the key $2,750 resistance.
  • An upcoming $2.4 billion options expiry on May 30 could significantly impact Ethereum's price movement.
  • Institutional interest in Ethereum's U.S. Spot ETF grows with $287 million net inflows, despite concerns over long-term rally strength.

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