Ethereum Buy Signals Rekindle Hopes of $3,000 Price Target

Ethereum's monthly TD Sequential indicator has flashed two buy signals, hinting at potential price growth towards $3,000. This would require an 85% increase from the current level of $1,625.

Analysts highlight $2,000 as the immediate technical hurdle, with a sustained break above this level possibly exposing resistance zones between $2,300 and $2,600.

In related news, U.S. spot Ethereum ETFs have seen net inflows of about $255.6 million recently, adding institutional support to the market.