Ethereum Seeks $3K as Crucial Resistance Zone Looms

Ethereum's price is currently testing a critical resistance zone between $2,500 and $2,700, known as the Fair-Value Gap (FVG).

Analysts suggest that if Ethereum can break through this level with a weekly close above $2,700, it could clear the path for the cryptocurrency to reach $3,000 and potentially even $3,500.

Market indicators show reduced Ether supply and bullish sentiment among traders, although near-term resistance around $2,600 remains a hurdle.