Ethereum technical analysis indicating a potential move towards $3000 with strong support levels. Market trends and notable investments contributing to Ethereum's value.
Ethereum (ETH) may move towards $3000, as there is no significant supply zone in its upward path. The analysis of Ethereum’s In/Out of the Money ratio shows strong support between $2380 to $2460. This accumulation zone is significant with about 2.47 million addresses holding 5.87 million ETH. The lack of major ‘in the red’ positions at the current price of $2711.75 indicates little resistance on the upward path. Currently, Ethereum displays signs of stabilization and improvement supported by recent positive changes in MACD.
