Analysts name the main condition for Ethereum’s growth to $ 3000

Ethereum ETH $2,586.03 Bridged Ether (StarkGate) -0.69% Market capitalization $0.23 billion VOL. 24 hours $3.04 billion has risen sharply in price, surpassing the $ 2,700 mark for the first time in almost three months. On Tuesday, the token showed an increase of more than 8% per day, becoming the largest gain among large-cap cryptocurrencies — ahead of even Bitcoin BTC $103,410.59 Bitcoin -0.55% Market capitalization $2.05 trillion VOL. 24 hours $2.09 billion and XRP XRP $2.55 XRP -0.72% Market capitalization $149.16 billion VOL. 24 hours $0.62 billion . This happened amid an improving macroeconomic backdrop, including softer-than-expected inflation data in the United States.

Ethereum trading volumes grew by 10.3% to almost $ 35 billion, indicating high liquidity and interest among traders. The derivatives segment also recorded strong growth: open interest in futures jumped by 16% to $ 32.28 billion, the highest since January 24. According to Coinglass, more than 60% of traders on Binance opened long positions on ETH, while $ 160 million of short bets were liquidated.

The activity of institutional investors confirms positive expectations for the asset. London-based investment firm Abraxas Capital purchased $ 84.7 million worth of ETH, bringing the total to $ 561 million in purchases for the week. Such a concentration of purchases indicates that major players are convinced of the token’s further growth potential.

At the time of publication, the price of ETH was $ 2,638.49, which is 13% below the $ 3,000 level, which is considered an important psychological boundary. Despite the significant growth, the market has not yet reached historical peaks, but analysts do not rule out further upward movement, provided that the favorable background remains.

The key drivers of the rally were the easing of concerns about the trade policy of the Donald Trump administration and investors' shift to riskier assets. Together with the elimination of shorts, this created conditions for the rapid growth of the Ethereum price and, probably, preparation for overcoming the next key milestone — $ 3,000.