In terms of the asset returning to $3k and above, that remains a steep climb for Ethereum at its current stage. As mentioned previously, whales are returning to ETH and bringing along strong investor interest. Technical
Analysis
suggests a bullish outlook for ETH as well. A breakout from a descending trendline since July 2024 was recently observed, according to TradingView data. If ETH closes its daily candle above $2,485, a rally to $2,800 becomes increasingly likely. Upon reaching $2,800, a path towards $3k is much more clear.
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