📈Ethereum's Summer Surge: Will Q3 correction Set Up a New All-Time High?

🚀 Ethereum Rallies Past $3,000:

After a major dip, Ethereum has shown robust resilience—surging above $3,000 for the first time in over four months, fueled by renewed investor interest and strong spot ETF inflows.

🔄 ETH/BTC Correlation Remains Key:

Ethereum’s cycle continues to closely mirror Bitcoin’s price actions, making the ETH/BTC pair a critical indicator for upcoming moves.

📈Tesla Comparison & Market Rhythm:

Analysts are drawing parallels to Tesla's 2024 price pattern, expecting Ethereum to potentially pull back in Q3 before resuming its upward trajectory.

⚠️ Key Resistance / Support Levels:

All eyes are on the $3,100–$3,300 resistance zone; a breakout could open the path toward new all-time highs, while failure may result in temporary consolidation.

🏦 Macro Drivers:

Expectations of rate cuts and reduced quantitative tightening are supportive, but heightened inflation or surging unemployment could cause a deeper correction.

⏳ Short-Term Volatility, Long-Term Optimism:

Anticipate possible Q3 correction, but institutional adoption, ETF inflows, and technological growth point toward a strong long-term future for Ethereum.

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