$3,000 on Horizon for ETH, ADA’s Leap, SOL’s Risky Surge

Ethereum Eyes $3,000 Mark as Price Gains Momentum

As the Ethereum network evolves with the implementation of the ERC-404 token standard, the native asset is finally gaining traction in the market. Ethereum’s price chart reveals a steady upward trend, recently surpassing the $2,500 threshold. The next significant resistance level is at $2,600, which could pave the way for a climb towards the coveted $3,000 barrier. The continued development of the Ethereum network, including the anticipated benefits of the ERC-404 update, supports this potential growth scenario. However, Ethereum faces competition from Solana, which has experienced a slowdown due to network outages. A loss of confidence in blockchain networks or a shift in investor sentiment could hinder Ethereum’s progress. Technical rejections at the $2,600 resistance level, combined with negative market sentiment stemming from issues in competing blockchains, could trigger a price drop towards the $2,300 support level.