$ETH *"Ethereum does it! Strong breakout above $3000... Has the race to the top begun?"* 🚀💥

Current state and technical indicators

• ETH trading at $3008, breaking the psychological barrier of $3000

• Relative Strength Index (RSI): 62 (healthy momentum without entering the overbought zone)

• MACD: shows a bullish breakout and acceleration

• Support levels: $2945-2965 (critical level) and $2880 (stop-loss)

• ETH breakout momentum

Market drivers

• Institutional activity: net inflows of $383 million for ETH ETFs (the highest since December)

• Market sentiment: 89.78% of traders are optimistic with a 39% increase in futures volume

• On-chain data: net inflow of +33,922 ETH indicating an accumulation phase

• Resistance test analysis

• Liquidity dynamics

Trading strategy

• Entry zones: $3000-3020 or retest of $2945-2965

• Targets: short-term $3120-3200; long-term $3600 and above

• Catalysts: Ethereum Pectra upgrade which reduces gas fees by 40-60%

• Risks: maintain stop-loss orders below $2880; be cautious of potential accumulation before movement continues

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