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Ethereum Strengthens at $2,400 Support, Bulls Target $3,000 Next

  • Ethereum is holding strong support between $2,300–$2,400 with institutional inflows and accumulation activity.
  • ETH's price is range-bound between $2,227–$3,385, and a breakout above $2,800 is key for a potential rally towards $3,000.
  • A positive sign for Ethereum is the 7-day moving average crossing above the 14-day average, indicating momentum towards $3,000.
  • Despite recent price declines, Ethereum benefits from ETF inflows, long-term holder accumulation, and corporate adoption, with a breakout above the price range needed for sustained bullish momentum.

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