Ethereum’s Path to $3,000: A Struggle for Momentum

Despite recent stabilization after its correction, Ethereum faces challenges in reaching its $3,000 target. While long-term holders remain steadfast, low investor activity hinders the network’s growth. Without a surge of new capital inflows, the recovery remains fragile and dependent on the patience of these dedicated investors. 2023 has seen Ethereum stagnate as new addresses are slow to materialize, indicating cautious newcomer confidence. This lack of momentum continues to leave the market vulnerable to short-term fluctuations and potential setbacks.