Has Ethereum's Journey to $3,000 Begun?
Ethereum (ETH) reached $2,721 on May 23, up 5.15%. This rise is supported by the adoption of Layer 2 solutions and increased institutional interest in spot Ethereum ETFs.
Technically, ETH's persistence above $2,400 raises the possibility of a test of the $3,000 level if the $2,870 resistance is breached. However, a short-term correction may occur if the $2,870 level cannot be breached.
Overall, Ethereum's uptrend continues. However, traders are advised to be cautious of possible corrections and keep a close eye on support-resistance levels.
