Ethereum’s price is on an upward trend, aiming for $3,500, driven by stability in its trading volume and significant interest from whale investors.
Whale activities and strategic accumulations reflect growing investor confidence in Ethereum, signaling a bullish outlook for the altcoin.
Ethereum (ETH) has overcome the psychological barrier of $3,000, defying market trends. This surge contrasts the general stagnation of the cryptocurrency market, with Bitcoin unable to break above $38,000. Ethereum’s price has increased due to renewed interest following the stabilization of Bitcoin prices at $30,600.
Because of this breakout, there are concerns regarding Ethereum’s ability to develop steadily in the face of market volatility. Market players are assessing the implications for short-term and long-term investments in cryptocurrency as ETH crosses a critical milestone.
Currently trading at $3,093, Eth has seen a notable increase of 2.5% over the last 24 hours, with trading volumes
