Ethereum Gears Up for $3,000 Breakout with $1B in ETF Inflows and 1M New Wallets Weekly

• Spot Ethereum ETFs in the U.S. have now surpassed $1 billion in total net inflows.
• The Ethereum network is adding between 800,000 and 1 million new wallets per week.
• These factors, combined with a bullish technical setup, support a positive ETH outlook.

A combination of a constructive technical setup, sustained institutional investment via spot ETFs, and an explosion in new wallet creation has brought on a bullish outlook for Ethereum (ETH). 

Analysts have now pointed to these three distinct factors as evidence that the leading altcoin is gearing up for a $3,000 breakout.

A ‘Liquidity Grab’ Before a Reversal?

ETH recently dipped into a key support zone around $2,400, an area identified as a liquidity pocket. According to analyst Michaël van de Poppe, this move echoes Ethereum’s previous patterns, grabbing liquidity before a reversal higher. The price has tested the $2,576 resistance multiple times, and the repeated rejections are seen as a sign of momentum building for the next leg up.

“Great consolidation, more than a month, an extreme build-up for a big breakout,” van de Poppe noted. The accompanying chart suggests a successful move above $2,576…

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