Ethereum eyes $3,000: How THESE factors could decide ETH’s fate

• Ethereum received $ 2,700 with a daily profit of 5.63%, most recently seen at the end of February.
• Exchange reserves dropped to 19.1 million ETH, indicating growing demand and pressing the brewery.

Ethereum [ETH] Recently regained a level of $ 2,700, a price that was last traded on February 24th. This has followed a remarkable meeting of 5.63%in the last 24 hours.

Ambcrypto found that this move to $ 2,700 is contrary to the betting of traditional investors who sold. This divergence created space for a potentially stronger rally.

Traditional investors who support can be a good sign for ETH

According to LookonchainSpot ETH ETF has noticed a net outflow of $ 10.83 million in the last 24 hours. This means that traditional investors have interpreted more ETH than they bought, which probably provided profits after recent profits.

Altcoin, however, continued the trends of higher, probably supported by institutional purchases made during the same period.

One of the remarkable institutional investors contributing to bull dynamics is Abraxas.

This group has purchased 33,482 ETH in the last 24 hours worth $ 84.7 million.

In fact, Abraxas has accumulated 211,030 ETH over the last week worth $ 477.6 million. Such movements often instill confidence and help maintain the collection.

If Netflow Spot ETH ETFS became positive, the current movement would strengthen the upward driven by large institutional investors and potentially pushed ETH over $ 3,000.

More confusion will appear

According to Cryptoquant, consumer consumption is currently maintaining a neutral market position. This points to the level of balance, although prices are still rising.

The retail activity consumption remains in the gray zone, although trends slightly up, with 0.17% profit.

If this trend continues, merchants Spot may not manage another ETH ascending. With regard to this, Ambrpto examined other market signals.

However, data on the exchange of reserves told another story. ETH held on the stock exchanges dropped to 19.1 million, which was confirmed by reduced sales pressure.

This suggests a strong demand where traders accumulate ETH from exchanges and cause a gradual pressing of the offer.

At the same time, the bonus on the fund market remains, which reflects institutional flows such as gray gray, slightly negative at -0.3. This means space for further growth, especially if these institutional players enter.

CcThe urrent market dynamics suggests that Ethereum could re -gather if institutional, traditional and spot merchants were re -involved.

With renewed participation, ETH has a strong chance of breaking over $ 3,000 in the near future.