<ul data-eligibleForWebStory="false"><li>Fidelity Investments recently described Ethereum (ETH) as a legitimate store of value and a key component of modern digital infrastructure.</li><li>Following the report, the market sentiment surrounding ETH turned bullish almost overnight, with the token surging nearly 7% to $2,620 and surpassing Bitcoin in daily trading volume and open interest.</li><li>Despite the recent rally, traders are accumulating short positions against ETH, potentially anticipating a market correction despite the positive momentum.</li><li>Ethereum faces skepticism but shows signs of building momentum in Q3, with increasing spot demand and a potential push to reclaim $3,000 as a key price target.</li></ul>

Ethereum Projections: ETH Gains Wall Street Cred as Fidelity Calls It a Store of Value

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