Ethereum Above $2,500: Here’s Why Analysts Think $3,000 May Be Next 📈
Ethereum has maintained its position above $2,500 despite a mild retracement from its recent high above $2,700. Currently trading at $2,564, Ethereum has seen a 2.4% increase in the past 24 hours, while the broader crypto market continues its bullish trend driven by Bitcoin's sharp rise.
CryptoQuant's analyst, Burak Kesmeci, highlighted a recent decline in retail activity around Ethereum compared to previous market cycles. This lower than usual retail involvement may indicate that Ethereum's rally is still in its early stages with potential for further growth.
Market analysts maintain a positive outlook for Ethereum, with technical setups suggesting a bullish continuation. Analyst Michaël van de Poppe pointed out support near the $2,400 level, suggesting a successful hold above this could lead to a rise towards $3,000.
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