Ethereum Surmounts $2700, Eyes Return to $3000

Ethereum has broken above $2700 for the first time since January and is gaining momentum.

According to CoinGecko, Ethereum's price has risen by 9.2% over the last seven days and 13% in the past month.

The decline in oil prices has strengthened expectations of a decrease in inflation pressure.

However, risks associated with the tension between the US and Iran are being monitored as they may impact the continuation of the market's upward trend.