Ethereum's price analysis is critical as it nears $2,640, down about -2.3% over the past 24 hours.
Arthur Hayes, chief investment officer at Maelstrom, believes ETH could reach $5,000 within a year due to Robinhood's adoption of Ethereum Layer 2 on Arbitrum technology.
The pivotal zone for Ethereum sits at $2,544-$2,565. A break below that band opens a path toward $2,350-$2,360.
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