ETH - Can Ethereum Reach $3000?
2023-09-05 05:50:00 ET
Despite a rocky end to the summer, Ethereum (CRYPTO: ETH) is still up 37% for the year. But it has largely disappointed crypto investors who were expecting it to skyrocket in value after a key event this time last year.
After surging past the $2,000 mark in mid-April, Ethereum has had a difficult time regaining the $2,000 level over the past four months, and bullish sentiment around the digital currency is clearly fading.
Can Ethereum mount another rally to hit the $3,000 level? There are three key factors to consider. If it can deliver on all three, then the chances for a bull market rally become much higher. Let's take a closer look.
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Can Ethereum Reach $3,000?