Ethereum’s Wall Street moment: Why ETH traders are clued into $2.8K
Traders could look to bet on further gains for Ethereum!
Ethereum’s rally over the past week saw prices rapidly climb past the $2.8k resistance, a problematic area since February. Investors have good reason to continue to HODL.
Ethereum [ETH] was projected to have a bullish Q3 2025.
The ETH/BTC was also recovering, a sign that the leading altcoin was gaining strength against Bitcoin [BTC].
Ethereum experienced nine consecutive weeks of positive spot ETF inflows, solidifying its status as a Wall Street darling.
Ethereum was not thought to be like a tech stock, but rather an asset that fuels DeFi and can earn dividends through staking.
The increased demand for Ethereum among institutions and retail boosted its prices. The psychological $3,000 level continued to pose a sizeable barrier.
BTC in price discovery meant that ETH would soon follow it higher.
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