The article discusses the current price movement of Ethereum (ETH) and analyzes whether it will surpass the $3,000 mark. While Bitcoin struggles to reach $100,000, Ethereum faces resistance above $2,800. However, ETH has experienced a surge of 4.52% in the past 24 hours, indicating a potential bullish recovery. The article examines technical indicators such as trendlines, Fibonacci levels, RSI, and moving averages to assess the likelihood of a breakout rally for Ethereum. Additionally, institutional interest in Ethereum is growing, with significant net inflows into ETH ETFs and institutional accumulation observed. The article concludes that with institutional support and positive on-chain metrics, Ethereum is likely to overcome immediate supply and challenge the $3,000 psychological level.



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