Ethereum’s recent breach of the $2,800 threshold generated buzz in the cryptocurrency market, as the second-largest digital asset by market capitalization exhibited a notable 21% increase over the past 10 days. Despite the surge, Ethereum is currently struggling to maintain its position above this level. The rise is partly attributed to the excitement following Bitcoin‘s recent high and the substantial inflow into Bitcoin ETFs. However, factors like Bitcoin’s volatility and typical weekend trading volume drops are causing Ethereum to wrestle with this key price point.
