Ethereum Price Approaches $3,000 Target as Coinbase Premium Recovers

Ethereum's price has been trading near $2,470 after climbing around 0.08% over the past 24 hours.

The coin is approaching a key resistance zone as improving U.S. demand and firm support keep the possibility of a rally towards $3,000 alive.

A strong weekly close above $2,550 could bring $2,600-$2,700 into focus before the larger $3,000 target becomes relevant, according to analyst Ted Pillows.

The Coinbase Premium has recovered from deeply negative readings, indicating improving U.S.-based demand after the latest dip.