Ethereum has broken its downward trend that lasted for several months, as traders target a price of $3,000.
The total value of Ethereum has increased by 41% to reach $52.8 billion in 30 days, with a 22% rise in daily transactions to 1.34 million, indicating a strong network recovery.
Technical analyses show that the price of Ethereum faces significant resistance at the $2,100-$2,800 level.
Ether is preparing to recover towards the psychological level of $3,000, supported by the recovery of network activity, an increase in total value, and strong technical indicators.
The price of Ether is seeking to return to $3,000.
Ether
Ether
$1,967
It seems that Ethereum has ended its downward trend that started in mid-December after moving away from its 10-month high of $4,100.
Cryptocurrency technical analyst Mikybull Crypto shared a chart showing that the price of ETH is breaking a six-month downward trend line, with $2,000 and $2,250 being key resistance levels to watch.
