Ethereum: Traders Eye $10,000 as Momentum Builds

Ethereum: Traders Eye $10,000 as Momentum Builds

Ethereum is reclaiming its position as the backbone of the crypto market, with institutional interest, staking ETH ETF speculation, and on-chain activity ramping up. As Layer 2 networks continue to grow, ETH remains the settlement layer for billions in value. This isn't just a narrative; it’s backed by rising gas usage, record validator participation, and consistent burns reducing supply. Trading at $2,507, the $2,800 resistance zone has become a battleground. With Ethereum forming a textbook golden cross on the daily chart, traders are anticipating a breakout toward $4,000 in the near term. Momentum indicators support the bullish thesis, and funding rates suggest that the long bias is increasing without overheating