After dropping nearly 23% recently, the ETH price is trying to take support above the $3,000 mark. This recovery and other indicators of demand and sentiment suggest the cryptocurrency may have paused the downtrend before the upcoming launch of spot Ethereum ETFs in the U.S. this month.
Recent market downtrends have put a damper on crypto traders, especially with the major decrease in crypto over the last few weeks. After the news regarding the Ethereum ETF, ETH price was trading close to an all-time high, but it has now dropped by over 23%, making an undercut below the psychological level of $3,000.
This correction, especially with Ethereum, has resulted in a major loss for crypto traders. The only token that has managed to double in value since last month is DTX Exchange, which has helped traders recoup some of their losses.
Can ETH Price Hold the $3,000 Mark?
After dropping by nearly 23% recently, ETH price has been attempting to gain support above the $3,000 mark. This recovery, coupled with other demand and sentiment indicators, suggests that the cryptocurrency might have paused its downtrend ahead of the upcoming launch of spot Ethereum ETFs in the U.S. this month.
During bearish trends, price recoveries are common, but a move by ETH price above $3,000 could indicate a potential reversal for ETH price. Over the weekend, while the broader crypto market rebounded significantly from Friday’s downturn, ETH prices struggled.
This suggests that there is weak demand for Ethereum as the bulls are re-entering the market. The major bearish factor seems to be the delay in launching the recently approved Ethereum ETFs, which has been a hot topic in news headlines.
DTX: Saving Traders From the Downturn
In the midst of this major market correction, DTX Exchange has emerged as a saving grace for traders.
DTX Exchange (DTX) is rapidly becoming a leading force within the trading industry. By combining the best elements of CEX and DEX and offering 1000x leverage, DTX is empowering traders across multiple markets. The platform's liquidity pools and trading features ensure an accessible trading experience for all users.
The project raised $2 million in a successful private seed round and has already surpassed market expectations by raising $868k in stage 2 of the presale, with over 21k users and 50% of tokens sold. The DTX token, priced at $0.04, is expected to surge past $1 when it hits the main market in 2024.
To learn more:
Visit the DTX Presale
Check out the Whitepaper
Join the DTX Community
The above is the detailed content of Will ETH Price Be Able to Hold the $3,000 Mark?. For more information, please follow other related articles on the PHP Chinese website!

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

Since the launch of PiNetwork (PI)'s independent network, it has continued to attract the attention of the cryptocurrency community. In contrast to the recent sluggish performance of mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), the price of PI has risen against the trend. PI cryptocurrency: Binance listing may become a catalyst for price surge PINetwork (PI) price upward momentum Strong PI is currently priced at $1.6750, far higher than the previous low of $0.6020. Trading activity and investor interest continue to grow, and PI's future price trend has become the focus of market attention. PI market performance: Strong rebound and key resistance levels PI mainnet started at the beginning

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Zend Studio 13.0.1
Powerful PHP integrated development environment

Atom editor mac version download
The most popular open source editor

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Dreamweaver Mac version
Visual web development tools
