Ethereum eyes move to $3,000 as bullish technical patterns emerge

According to data from crypto.news, $ETH

Ethereum jumped 6.5% to an intraday high of $2,644 on June 3 (Asian morning hours), pushing its market cap to over $314.8 billion. It was the top performer among the 10 largest cryptocurrencies today, up nearly 86% from its year-to-date low.

At the same time, the ETH supply on centralized exchanges has dropped to its lowest level in over seven years. This steady decline in exchange balances suggests increased self-custody, typically a sign that investors are positioning for long-term gains rather than short-term selling.

Meanwhile, several major corporations have also shown interest in the flagship altcoin, with notable recent purchases from firms such as BTCS and Fidelity, both of which have significantly increased their ETH holdings.