Ethereum: Assessing odds of ETH reaching 3,200 USD soon

Ethereum’s support remains solid above 2,600 USD. The cryptocurrency is trading at 2,702.21 USD currently, showing a 0.67% increase. Should ETH break past the 2,800 USD resistance, it opens pathways to potentially reach 3,200 USD or even 4,000 USD.

Institutional interest is climbing, particularly after 21Shares filed for an Ethereum staking ETF. This will likely enhance demand and the overall adoption remains strong, with over 524,000 daily active addresses reflecting healthy engagement.

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