#ETHCrossed2500

Ethereum has finally broken its chains — Is the new target for ETH price $3,000?

Ethereum's total locked value has increased by $8 billion in a month. However, low network fees and ETF exits may overshadow the recovery.

Ethereum has finally broken its chains — Is the new target for ETH price $3,000?

Altcoin Watch

Key takeaways:

As investors targeted the ETH price at $3,000, Ether broke the months-long downward trend.

Ethereum TVL increased by 41% over 30 days, reaching $52.8 billion, and daily transactions rose by 22% to 1.34 million, signaling a strong network recovery.

Technical data indicates that the ETH price is facing significant resistance at the $2,100-$2,800 level.

With recovering network activity, increasing TVL, and strong technical data, Ether is preparing for a recovery towards the psychological level of 3,000$ .