Ethereum Breaks $2,700: Will It Rally to $3,000 Next?
Ethereum faces resistance at $2,700–$2,800, a breakout could spark an altcoin rally, while failure may push it back to $2,400–$2,500.
Ethereum has jumped by 8% in the last 24 hours and reached $2,700 for the first time in almost two weeks. The increase in price is supported by more people staking their coins, more institutions joining the market, and positive technical signs that may lead to a rise to $3,000.
ETH, which is about 30% of the total, is now staked on the Beacon Chain. The rise in prices here is the highest ever and is due to long-term holders becoming more confident and choosing to earn from their holdings instead of selling.
Institutional investors are also becoming more active. BlackRock’s iShares Ethereum Trust (ETHA) has not experienced any outflows for 23 consecutive trading days.
