Ethereum gains traction with support from Asian and European banks: resistance at $3,144.14 and technical target at $3,230
Ethereum (ETH) continues to stand out in the crypto market, driven by a wave of institutional interest from Asia and Europe. Banks such as the Bank of China and European institutions are increasing their exposure to the asset, contributing to the recent upward movement that led ETH to test the resistance of $3,144.14. With this level consolidating as a technical barrier, the market is now projecting a short-term target of $3,230.
🌍 Global institutional support
- Asian banks are leading the adoption of Ethereum-based solutions, especially focused on smart contracts and asset tokenization.
- European institutions are also migrating part of their portfolios to ETH, attracted by the scalability and efficiency of the network.
⚙️ Technical fundamentals: ERC-2, Layer 2 and Layer 3
Ethereum stands out for its modular architecture, which allows for high performance and adaptation to different demands:
- ERC-2: Evolution of tokenization standards, focusing on interoperability and security.
- Layer 2: Solutions like Arbitrum and Optimism increase transaction capacity, reducing fees and congestion.
- Layer 3: Customized environments for specific applications, such as gaming, social networks, and DeFi, focusing on speed and integration.
These layers allow Ethereum to process thousands of transactions per second while maintaining the decentralization and security of the main network.
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📊 Short-term outlook
With institutional support and technological advancements, Ethereum positions itself as the most promising asset among altcoins. The resistance at $3,144.14 is the key point to confirm the upward trend, while the technical target at $3,230 represents the next challenge for buyers.
