Institution Demand Don Carry ETH Pass $3K; Hayes Dey Target $10K
Ethereum (ETH) don regain di $3,000 level for di first time since early 2025, wit 79.96% of im supply dey trade above breakeven according to Santiment. Dis price recovery, plus two days 8% gain and 44% surge in volume reach $41.36bn, show say bullish momentum dey increase. BitMEX co-founder Arthur Hayes now talk say ETH fit reach $10,000, wey dey powered by rising institutional adoption. Big companies like GameSquare and SharpLink Gaming dey invest hundreds of millions through treasury strategies. SharpLink buy 10,000 ETH after Ethereum Foundation OTC sale confirm say staking demand still dey. Strong on-chain profitability fit attract new inflows, but traders suppose watch out for resistance near $3,100 and potential profit-taking. Long term catalysts include bigger DeFi and NFT ecosystems and upcoming network upgrades. Traders suppose monitor on-chain metrics to manage short-term volatility and take advantage of Ethereum’s positive outlook.
Bullish
Di news dey bullish for Ethereum. Short-term, di break above $3,000 wey get strong volume and 80% of supply dey make profit show say buying pressure go continue. Institutional treasury purchases by GameSquare and SharpLink Gaming, plus Hayes $10,000 price target, fit attract more capital inflows. But traders suppose watch resistance around $3,100 and possible profit-taking. Long term, di expanding DeFi/NFT ecosystems and network upgrades add fundamental support, wey reinforce positive outlook and fit continue di upward momentum.