#ETHCrossed2500

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

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

Ethereum finally broke 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 declining trend.

Ethereum TVL increased by 41% in 30 days, reaching $52.8 billion, and daily transactions reached 1.34 million with a 22% increase, signaling a strong network recovery.

Technical data shows that the ETH price is facing significant resistance in the $2,100-$2,800 range.