🌐 Ethereum surpasses $3,000 and leads the crypto market rebound
Ethereum (ETH) has broken the psychological barrier of $3,000 USD, with a rise of 5.85%, driven by institutional purchases and improvements in its network. The Pectra update, which reduces fees and enhances scalability, has been key to this momentum.
🔹 Highlighted factors:
- Rising staking: more than 30% of ETH is locked, reducing the circulating supply.
- Institutional interest: BlackRock already owns 1.5% of all ETH in circulation, consolidating its bet on the ecosystem.
- Bullish technical formation: a triple bottom at $2,500 suggests continuity in the rally.
- ETH ETF: inflows into exchange-traded products are increasing, reflecting mainstream adoption.
Ethereum consolidates as the engine of decentralized finance, NFTs, and smart contracts.
Its technical and fundamental evolution positions it as a key player in the third quarter.
Cryptonews, Bitget Academy.
