🚀 Ethereum Breakout in Action! 🚀
Ethereum (ETH) has surged sharply from $2,490, briefly touching $2,720 — the highest level since February. This bullish rally follows SEC Chair Paul Atkins’ positive statements on DeFi, clarifying that staking, staking-as-a-service, and proof-of-work are not considered securities — a major boost for inve#stor confidence.
Institutional buying is also driving momentum: ✅ 18 consecutive days of inflows into Ethereum spot ETFs
✅ Futures and options trading volumes are surging
✅ ETH staking has reached a new all-t
i$me high
If ETH holds above the 200-day SMA, it could break past $2,850 and aim for the $3,250 target. On the downside, strong support remains between $2,400 and $2,500.
📊 Ethereum looks ready for the next leg up!
#ETH #Ethereum #CryptoNews #DeFi #BinanceSquare #Bullish #CryptoMarket