Ethereum Spot Premium Signals Strength – $2,800 Resistance In Focus 🚀
Ethereum shows renewed vigor, trading above $2,700 and touching $2,790, signaling potential for further gains. Analysts anticipate a breakout that might usher in an altseason, even as ETH lacks Bitcoin's ETF inflows. The $2,800 resistance marks a pivotal moment, given macroeconomic stress from rising U.S. Treasury yields and inflation.
Ethereum remains a favored alternative investment amid traditional market volatility. Analyst Daan highlights ETH's spot premium as a bullish indicator. As it tests the $2,800 resistance, a successful breakout could lead to all-time high levels, but rejection might result in a retracement.
ETH currently trades at $2,731, with increased volume and moving averages indicating bullish momentum. Having emerged from a period of consolidation, a break above the $2,800 resistance could propel Ethereum toward $3,000.
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Institutional Buying May Propel Ethereum Toward $3,000 Amid Growing Market Confidence
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Ethereum Shows Potential for Medium-Term Rally if Key $2,700 Resistance Is Broken
Ethereum Eyes Potential Gains Above $2,700 Amid Market Recovery and Increased Investor Inflows
Ethereum (ETH) Approaches Potential $3K Resistance Amid Rising Futures Volume and Cooling Spot Demand
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