#Etherum Surges Past $2,700: Network Growth and ETF Inflows Signal Potential Breakout to $3,000
🪷.Ethereum has risen 3.5% in the last 24 hours, surpassing the $2,700 mark and facing resistance at $2,800.
🪷.The network's total value locked (TVL) has grown by 6% in the last month, highlighting its dominance in decentralized finance.
🪷. Institutional interest is solidified by Ether ETF inflows, with a net of $837 million since mid-May and no withdrawals.
🪷. Technical analysis suggests that a breakout above $2,800 could lead Ethereum towards the $3,000 target
Ethereum ETH/USD has been doing really well lately. In the last 24 hours, it has gone up 3.5% and is already above the psychologically important $2,700 mark. The second-largest cryptocurrency by market size is currently trading at significant resistance levels that could change its path to the important $3,000 barrier.