It does not deny that the Cryptocurrency market has hoped back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments arose some optimism. Even if Ethereum Have performed well, there is one thing that can stand between ETH and the sought after $ 3,000 brand.
Access has long been the second largest cryptocurrency through market value. In addition, there were experts who discussed crypto courses who were ready to take a chance to pass Bitcoin. Nevertheless, analysts have pointed to a key facet that can prevent Ethereum from breaking through the critical level.
Ethereum to $ 3,000? Why one thing can stand in its own way
Since the President of the United States arrived Donald TrumpThe digital asset sector has been up and up. In fact, his return to the White House has brought with him the first pro-crypto administration in the country’s history. It is expected to manifest itself to favorable regulations for the growing asset class.
This potential has been massive for several symbols and their price performance this year. Over the past week, several symbols have made great progress. Although it is expected to continue for Ethereum, there is one thing that can stand between ETH and the sought -after $ 3000 brand.
Also read: Ethereum (ETH) jumps 40%, drives 60% holders in profit
The concern is that this hope in value is the first in three months. Specifically, it shows that investors want to make profits from the increase in the asset. It is a risky proposal for Ethereum, as it could see the growing value of the asset cease. About $ 64 billion worth $ 164 billion is a strong support between $ 2,346 and $ 2,412, which should stabilize the price. But it will face a critical resistance of the $ 2,654 level.
