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Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has taken a 4% hit today, dropping to around $2,634 as of May 30, 2025. But despite the red day, analysts believe a major upside could be brewing possibly pushing ETH toward $3,000 and beyond. What Triggered the Dip? The broader crypto market saw a mild correction today as investors reacted to rising Treasury yields and hawkish comments from the Federal Reserve. ETH wasn’t spared, dropping from a high of $2,763 to as low as $2,591 in just a few hours. This price action pushed ETH down by roughly 4%, sparking some panic selling but smart money might be seeing this as an opportunity. The Bullish Case for Ethereum Despite today’s drop, Ethereum is still in a strong position technically and fundamentally. Here’s why some analysts remain bullish: 1. Bullish Flag Pattern Technical analysts have spotted a bullish flag pattern forming on the daily chart. If ETH breaks above the $2,750 resistance, it could trigger a sharp move toward the $3,000–$3,100 zone. 2. Ethereum’s Ecosystem Remains Solid Ethereum remains the dominant smart contract platform, powering DeFi, NFTs, and L2 solutions like Arbitrum and Optimism. With continued adoption, ETH demand is only expected to rise. 3. Institutional Interest Institutional inflows into Ethereum-based ETFs and staking platforms have increased over the past 30 days. This suggests long-term confidence in ETH despite short-term volatility. Short-Term Targets If Ethereum reclaims the $2,750 level, analysts see a clear path to $3,000–$3,100. However, if it fails to bounce above $2,600 in the coming days, the next key support is around $2,400. “This 4% dip looks more like a shakeout than a reversal,” said crypto analyst James Lin. “If volume supports a bounce above $2,750, we could see Ethereum push toward $3K quickly.” Conclusion While Ethereum's 4% dip today may seem alarming, it could be a healthy correction before a bigger move. Technical setups and ecosystem strength suggest ETH is far from done and the next target could very well be $3,000. Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.

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Amid the craze for yield-generating assets, how will BGUSD reconstruct the RWA yield experience? BGUSD, a new product that looks like a stablecoin but acts more like a financial management tool, may be an important step taken by Bitget in the CeFi financial system.

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RT @ohheyitsmitch: Mog and ETH both have a cup and handle pattern. all metrics looks amazing actually. $mog usually leads as the superi…