🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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Share your story on Gate Square, and embrace the next 30 million together!
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#ETH Breaks $3,000# Ethereum (ETH) recently broke the $3,000 mark, driven by increased retail demand and institutional investment. This milestone is significant, marking Ethereum's strongest move in months. Here's what's happening¹ ²:
- *Price Movement*: ETH pushed above $2,732, turning it into support, and then powered its way up to $2,980 before reaching $3,000. Currently, ETH is trading at $2,985.60.
- *Market Momentum*: The Relative Strength Index (RSI) is at 74.59, indicating strong but cautious momentum. If the momentum sustains, ETH could head towards $3,200 and beyond.
- *Resistance Levels*: Key resistance zones cluster between $2,934 and $3,056. A clean breakout above $3,000 could signal further growth.
- *Future Projections*: Analysts predict potential appreciation towards $3,600-$4,200 in the near term, with possible extension to $4,000+ if Bitcoin's momentum continues.
*Factors Contributing to the Surge:*
- *Bitcoin's Rally*: Ethereum's breakthrough follows Bitcoin's explosive breakout to a new all-time high above $118,000.
- *Retail Demand*: A spike in short-term wallet activity suggests retail demand is driving the price increase.
- *Institutional Investment*: Increased ETF inflows confirm institutional interest in Ethereum.