Ethereum (ETH) has seen an incredible rally in recent days. The second largest crypto project after marketing is currently one of the best performing crypto courses among the top 100 projects. ETH’s price has accumulated 8.7% in the daily charts, 46.3% in the weekly lists, 47.5% in the 14-day diagrams and 63.3% compared to the previous month. Let’s discuss whether access can reach $ 3000 this week.
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Cryptocurrency Market makes another upward pressure
The crypto market met a small correction yesterday. Bitcoin (BTC) fell briefly to the level of $ 101,000. The asset has since returned $ 103,700. BTC’s resuscitation may have led to a market -wide recovery.
Ethereums (ETH) latest upward momentum is likely to be due to the network’s long-awaited Pectra upgrade. The Pectra upgrade was the most functional update to date. The upgrade has probably led to an increase in the feeling of the ETH investors. Access has also exceeded Bitcoin (BTC) in recent days.
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There is a possibility that ETH’s rally will continue in the coming days. The Federal Reserve can lower interest rates after the next meeting. The move can lead to an increase in crypto investments.
Will Ethereum recover $ 3000 this week?
ETH’s price must collect with 12.23% to reach the $ 3000 goal. ETH has not traded over $ 3000 since the beginning of February this year.
According to the CoinCox analyst, Ethereum (ETH) may meet a correction in the coming days. The platform expects the asset price will fall to $ 1462.98 on May 24. ETH’s price will dip by 45.27% if it falls to $ 1462.98.
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There is also a possibility that Ethereum (ETH) will not meet a correction. Access can continue its upward momentum if BTC remains in the green zone. BTC, which meets a new highest time, can lead to another market -wide rally.