on-chain data<\/a>, revealing that the transaction originated from a Coinbase Prime hot wallet, commonly used by institutions for large-scale acquisitions. This move signals increasing confidence in Ethereum\u2019s long-term value, particularly as companies begin diversifying beyond Bitcoin to gain exposure to smart contract infrastructure.<\/p>\nEthereum\u2019s technical setup remains strong, with price holding well above the $2,850 support zone following its recent move to $3,080. At the same time, fundamentals continue to improve. The ETH supply staked has reached new all-time highs, indicating that more long-term holders are locking up their assets rather than selling into strength. Combined with increased institutional interest, this reflects growing conviction in Ethereum\u2019s role as a foundational layer for Web3.<\/p>\n
The coming weeks promise to be pivotal. With market sentiment turning bullish and Ethereum gaining traction in corporate circles, the stage is set for a sustained upward move, especially if broader macro and regulatory conditions remain favorable.<\/p>\n
ETH Holds Above Key Breakout Zone<\/h2>\n
Ethereum\u2019s 3-day chart shows a bullish continuation pattern, with price currently holding at $2,978 after recently breaking through a critical resistance zone at $2,850. The breakout marked a shift in momentum following a prolonged consolidation phase and pushed ETH to a local high of $3,041.41. Although a slight retracement followed, the current structure remains strong as bulls successfully defend the $2,850\u2013$2,900 area.<\/p>\n
This level is particularly important as it aligns with multiple technical indicators. The 200-day simple moving average (SMA) sits at $2,805.46, now acting as dynamic support. ETH also remains well above the 50-day and 100-day SMAs, currently at $2,244.80 and $2,661.68, confirming that the broader trend has turned bullish.<\/p>\n
Volume remains elevated, suggesting continued buying interest on dips. If ETH holds above $2,850 in the coming sessions, the next logical target is the $3,300\u2013$3,500 zone, where previous highs and psychological resistance converge.<\/p>\n
Featured image from Dall-E, chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"
Ethereum is undergoing a critical test after breaking above the key $2,850 resistance level and reaching a local high of $3,080. Since then, ETH has retraced by less than 5%, holding steady and showing signs of strength amid broader market volatility. The ability to maintain levels above $2,850 is being closely watched by traders and […]<\/p>\n","protected":false},"author":0,"featured_media":81062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81061"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81061"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81062"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}