ETH Near $2,600 on US Jobs Data & Bullish Momentum
Ethereum price don climb go $2,600, e gain about 0.5%–1.2% inside one day as traders dey react to better than expected US June nonfarm payrolls wey add 147,000 jobs and make unemployment drop to 4.1%. Equities reach record highs as people reduce mind for Fed rate cut bets. On-chain data show say ETH dey trade between $2,559 and $2,630, with resistance for $2,630. Trading volume wey dey rise, better DeFi activity, network upgrade wey dey come and growing interest from institutions dey support more price rise. Short-term traders suppose watch make e stay steady above $2,600 to confirm say price go breakout for up way. Long-term investors fit see dis as sign say Ethereum price go continue grow steady.
Bullish
Di combine news dem dey bullish for Ethereum. Strong US jobs data and record equity highs don reduce di chance say dem go cut rate, dis one create better macro environment wey dey support crypto markets. On-chain technicals show say ETH dey trade near $2,600 with upward momentum and volume dey increase. New network upgrades and institutional interest still dey add more reasons wey fit push price up. Short term, if dem fit confirm say price hold above $2,600, e fit push price go even higher as traders dey follow breakouts. Long term, steady DeFi growth and better infrastructure go support positive outlook for Ethereum price.