Ethereum Eyes $3K Amid Bullish Technicals and Network Growth

Ethereum Eyes $3K Amid Bullish Technicals and Network Growth

Ethereum (ETH) is showing signs of a significant breakout, supported by strong network fundamentals and technical indicators. As of early May, ETH is attempting to reverse a downtrend that has persisted since December, with analysts eyeing the $3,000 level as a short-term target. Technical Indicators Suggest a Bullish Shift Ethereum broke above a key six-month descending trendline on April 22, crossing the $1,600 mark, which had acted as a...

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