#ETH Breaks $3,000#

Ethereum (ETH) has surpassed 3,000 Dollars!

Ethereum tested the psychologically significant level of 3,000 USD, which has been awaited for a long time, reaching an intraday high of around 2,981 USD. Currently, the price is trading around 2,964 USD. This increase is creating a positive atmosphere in the market.

Why is it rising?

Technical Breakthrough
• ETH broke the strong resistance in the range of 2,850–2,880 USD.
• In the daily chart, a reverse head and shoulders formation and bullish signals such as the golden cross (golden cross) have formed.

ETF and Institutional Demand
• There is significant interest in Ethereum spot ETFs: There are inflows exceeding 200 million dollars daily.
• Major players like Grayscale and Fidelity are increasing their ETH positions.

Supply Contraction
Approximately 30% of the current ETH supply is staked.
The EIP-1559 update is continuously burning ETH, further reducing the supply in the market.

Technical View
• Support Levels: 2,900 – 2,940 USD regions can be monitored as strong support.
• Resistance Levels: If sustainability is maintained above 3,040 USD, the targets could be 3,120 and 3,200 USD respectively.

Things to Consider
• Profit Sales: Small investors are selling as the price reaches the 3,000 level, which may limit the upward movement of the price.
• Volatility: The crypto market is susceptible to sudden fluctuations. There may be sharp pullbacks during the night or in conjunction with macroeconomic developments.

🎯 Summary

Ethereum breaking the $3,000 level is technically a strong bullish signal. Institutional demand, ETF approvals, and supply constraints support this rise. If the price manages to hold above $3,000, the next target could be $3,200.

This is not investment advice; it has been shared for informational purposes.
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