$ETH 🚀 Ethereum (ETH) aims for $3,000: Is it time to enter?

Today, May 22, 2025, Ethereum is trading around $2,634.19, with a 5.9% increase in the last 24 hours.

📈 Technical Analysis:

• Trend: Bullish

• Key Indicators:

• Trading above the 50-day moving average

• RSI in bullish territory, supporting ongoing momentum

• Resistance Levels:

• $2,950: immediate hurdle; a breakout here could trigger accelerated buying

• $3,000: psychological resistance and likely institutional target

• $4,800: previous all-time high and long-term bullish target 

🔍 Fundamental Factors:

• Reduction of supply on exchanges: The supply of ETH on exchanges has reached a 9-month low, while whales have accumulated 670,000 ETH in the last nine days, which could indicate a target of $3,000. 

• Increase in Ethereum velocity: An increase in Ethereum velocity observed on May 22, 2025, often indicates greater network usage and can be a bullish signal for price appreciation, reflecting growing demand and utility in areas like DeFi and NFTs. 

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Are you ready to take advantage of this opportunity?

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