Ethereum ($ETH) is regaining momentum as the crypto market recovers, currently trading above the $3,000 mark. This level is acting as strong psychological and technical support. With the recent approval of the Ethereum ETF and renewed investor confidence, ETH is positioned for further growth.

Developments around Ethereum 2.0 and its deflationary tokenomics continue to support bullish sentiment. If ETH maintains its upward trend and breaks above $3,200, a move toward $3,500 could follow. Traders should monitor volume spikes and on-chain activity for confirmation of a sustained breakout.