Ethereum prices have seen a rapid rise driven by positive comments from co-founder Vitalik Buterin, although they still show a 2% decline over the past seven days. Market data shows that Ethereum rose above $2,600 and could extend to $3,000 under the right conditions. However, a decline in network growth could hinder such a breakout. Technical analysis shows that Ethereum market trends still depend on key supply and demand areas.

Key Points

- Vitalik Buterin's positive comments triggered an increase in Ethereum prices.

- Ethereum prices broke through the $2,600 resistance and could rise further to $3,000.

- IntoTheBlock's IOMAP model shows that key support is between $2,292 and $2,373.

- A decline in Ethereum network growth could affect the expected price breakout.

- The Moving Average Convergence Divergence (MACD) indicator needs to issue a buy signal to confirm the uptrend.

- Ethereum price future trends are affected by the supply zone below $2,800 and the demand zone above $2,500.