HomeUncategorized3 reasons why Ethereum price can reach $3K in Q2 By Cointelegraph

3 reasons why Ethereum price can reach $3K in Q2 By Cointelegraph

April 3, 2023

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Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains.

The price of Ether has more than doubled after bottoming out in June at around $880, weathering a slew of negative events, including the collapse of FTX, interest rate increases, and stricter U.S. regulations.

three-day price chart featuring an “ascending triangle” bottom setup.
Ether supply distribution among investors holding at least 1,000 ETH. Source: Santiment
Ethereum 2.0 total value staked [in ETH]. Source: Glassnode
Ethereum MVRV-Z Score. Source: Glassnode