Ethereum Price Don Pass $3,000 As Supply Wey Lock Hit Record High, Eye $4,000

Ethereum price don break pass $2,900 and e don jump over $3,000, as new all-time high for supply wey dey locked push am and the 24-hour trading volume double reach $32 billion. Market capitalization reach $366.8 billion as on-chain fundamentals don strong. Long-term holders don stake 29.44% of ETH for record levels, while smart money dey bet say price go still go up. Technical indicators dey support the bullish trend: 14-day RSI still dey above 60, daily and weekly EMAs dey move up after the bullish crossover of 50-, 100-, and 200-day SMAs. Institutional interest for derivatives dey increase, futures open interest don go up 6.4% to $44.6 billion and total derivatives volume don increase 117.7% to near $100 billion. Options trading also jump, volume increase 170.7% to $1.53 billion and Binance top traders dey show 2.52 long/short bias. Analysts talk say Ethereum price structure dey similar to the 2021 breakout, wey suggest targets at $3,500–$3,600 and fit still reach $4,000 next. Traders suppose dey watch the $2,500–$2,800 support zone plus volume trends to confirm say rally go last. Meanwhile, US Congress “Crypto Week” regulatory debates fit attract more capital into ETH.