BTC

$67485.303

-1.63%

ETH

$1993.181

0.08%

XRP

$1.475

-0.69%

BNB

$617.36

-1.47%

Analysis

Ethereum Surges Above $3,000 Mark With Focus on $3,400 for Trend Reversal

3 mins mins
Prefer us on Google

Key Insights:

  • Ethereum breaks $3,000 and targets $3,400; analysts say a breakout could confirm a strong trend reversal.
  • Ethereum leads the tokenized assets market, securing 61.2% share and settling nearly $200 billion on-chain.
  • Active Ethereum wallets reach 175.5 million, with over 5.16 million added in 2026 alone amid growing staking interest.
91c4d34f 81b3 46bc 9944 fe53fadcc1fa
Ethereum Surges Above $3,000 Mark With Focus on $3,400 for Trend Reversal

Ethereum price recently surpassed the $3,000 mark, reaching new milestones in its journey. As the cryptocurrency continues to show growth, traders and analysts are looking at the $3,400 level as the next key point to confirm a trend reversal.

Ethereum’s Price Movement and Trendline Retest

Ethereum has recently completed a successful trendline retest and is now trading above $3,000. Many experts believe that this could signal the beginning of a trend reversal for the cryptocurrency. 

According to investwithsheng, the next crucial step is for Ethereum to break above $3400 and remain above it for confirmation. This move could help secure a reversal in the current trend, moving Ethereum into a new phase of growth.

image 374
Ethereum Price breakout | Source: X

The trendline retest indicates a possible shift in momentum. With Ethereum holding its position above the $3,000 mark, the next challenge is to see if it can push beyond $3,400. If this occurs, Ethereum may be on track for sustained growth, with potential for further gains.

Ethereum’s Role in Tokenized Assets

Ethereum remains a dominant player in the world of tokenized assets. The network hosts 61.2% of all tokenized assets, including stablecoins, tokenized funds, stocks, and commodities. Around $200 billion worth of tokenized assets are settled on the Ethereum blockchain.

BingX: a trusted exchange delivering real advantages for traders at every level.

This highlights Ethereum’s significant role in the expanding tokenized asset market, further establishing its importance in the cryptocurrency space. As the demand for tokenized assets grows, Ethereum’s infrastructure continues to support a wide range of digital assets.

The platform’s security, scalability, and decentralized nature have contributed to its leadership position. With its growing adoption, Ethereum’s blockchain is becoming a key player in the digital economy.

Surge in Ethereum Active Wallets

Ethereum’s active wallet count has reached a new record of 175.5 million. This milestone is a direct result of increasing staking interest and a shrinking supply of Ethereum on exchanges. 

In 2026, over 5.16 million new wallets were added, signaling strong network adoption. These figures reflect sustained confidence in the long-term value of Ethereum and its continued role in the crypto market.

The rise in active wallets indicates that more people are choosing to hold Ethereum for the long term, rather than trading it. This trend supports the growing belief that Ethereum’s network is becoming more trusted and stable.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Rate this post

Other Posts: