Ethereum experienced ups and downs but is now preparing for a possible rally. In this article, we will look at the reasons behind this rally and what needs to happen next. In the short term, Ethereum’s price is trading below a key level, which might slow its growth. This will help Ethereum become even more popular for decentralized applications. This could be due to several factors, including its latest upgrades and the increasing interest from big investors.
One of the most crucial changes is the rollup-centric roadmap, which aims to improve Ethereum’s transaction speed to 100,000 transactions per second. Additionally, big investors have put more money into Ethereum recently, demonstrateing they believe it will be valuable in the future.
This could help Ethereum pass the $3,000 mark. However, if Ethereum continues to improve and more big investors choose Ethereum, its price could go even higher.
Ethereum is close to hitting a major milestone, with its price moving towards $3,000.
