If the Ethereum network makes a few critical adjustments, ETH price could sustainably rally to $3,000 and above.
Ether (ETH) price rose to $2,700 on Oct. 30, marking its highest level in ten days, but a strong rejection on Oct. 31 pushed its price down to $2,550. This movement mirrored Bitcoin (BTC), which saw a 4% decline from its peak of $73,575 on Oct. 29.
Traders are now pondering what it would take for Ether to reclaim the $3,000 mark. The answer likely lies in a combination of reduced transaction fees, greater institutional adoption, and enhanced incentives for ETH staking.
Source: JoeConsorti
