ETH price outlook: Analysts say $3k “a relatively small obstacle”
Ethereum (ETH) price hit $3,005 on Coinbase on Tuesday, rising to its highest level since April 2022. About 879,000 addresses were in a loss and could sell when prices break above this level. While ETH fell below the psychological level, analysts outline $3k as a “a relatively small obstacle”. Ethereum ( ETH ) price rose to the psychological level of $3,000 for the first time in nearly two years on Tuesday, February 20. The cryptocurrency saw its value jump from lows of $2,880 to touch $3,005 on Coinbase, and $3,003 on Binance. ETH price and the $3k hurdle Ethereum‘s upside, which comes amid a significant move of over 25% in the past two weeks, means several Ethereum addresses that were in the red managed to turn profitable. This in turn, suggests a potential retreat for the second-ranked crypto by market cap if these addresses decide to sell or break even. It could see ETH trade to support levels again, possibly below $2,900 before bouncing to target hig