Ethereum Surges Above Resistance, Aiming for $3,000+ as Institutional Confidence Rises

Following its recent Pectra upgrade, Ethereum has experienced a bullish surge, exceeding key resistance levels and setting the stage for further price growth. Institutional investors are adding to their holdings, fueling this momentum. 84.7 million USD worth of ETH was recently added by Abraxas Capital, bringing their total investment to $477.6 million. This suggests growing confidence in Ethereum’s trajectory.