$ETH Ethereum Continues to Advance Amid Positive Expectations
Ethereum has shown strong performance in recent weeks, with the ETHUSDT pair trading at levels exceeding $5,000, supported by expectations of the launch of a spot Ethereum ETF and increased network usage in Web3 applications and smart contracts. Investors see Ethereum as a versatile financial tool and not just a digital currency, especially with expansion developments through Layer 2 solutions. Technically, as long as the price remains above the support of $4,800, the upward momentum remains intact, and we may see an attempt to test the level of $5,400 soon. Ethereum once again proves to be more than just an alternative to Bitcoin; it is the backbone of innovation in blockchain.
