Ethereum Stalls at $2,500, But Is a $4,000 Breakout Closer Than You Think? 📈
Ethereum, currently trading at $2,511, recently experienced a 9.4% decline after a surge above $2,800. The asset is facing technical resistance, particularly at the 50-week exponential moving average (EMA). Historically, breaking through this level has led to price rallies of 25% to 135%.
Staking growth marks a positive on-chain trend, with over 35 million ETH now locked, signaling network trust and supply tightening. Accumulation addresses have also reached an all-time high, supporting long-term holding.
Simultaneously, Ethereum-based financial products are gaining traction, following approvals of spot ETH ETFs by the US SEC. This increased engagement is further boosted by strategic investments from firms like SharpLink Gaming.
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Ethereum Price Today Hits $2,262 — Institutions Stack $113M Worth of ETH!
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