ETH on the Move: Market Momentum Targets $3,000 Breakout

Ethereum has surged over 50% since its Pectra upgrade on May 7, with an 8% gain in just 24 hours, driven by renewed momentum and strong market signals.

Institutional interest is rising, notably with Sharplink Gaming’s $425 million investment to adopt ETH as its primary treasury asset. Ethereum futures open interest has also hit a record $36.1 billion, suggesting further bullish sentiment. Analysts point to technical patterns supporting a breakout above $3,000, though warn that excessive leverage in futures could spark volatility and sharp corrections.

Clever Robot News Desk 31^th May 2025