Ethereum price finally ‘breaking out,’ data suggests — Is $3K ETH next?

Ether price breaks out due to strengthening network activity and an increasing TVL, as the technical setup points to a further upside.

Key takeaways:

Ether breaks multimonth downtrend as traders target $3,000 ETH price.

Ethereum TVL surges 41% to $52.8 billion in 30 days, with a 22% rise in daily transactions to 1.34 million, signaling strong network recovery.

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