“Ethereum Eyes $3,000 Rally as Profitability Returns, But $2,800 Resistance Looms | Nova Gl” — what this page in the network covers. Ethereum (ETH) is experiencing a significant resurgence in investor profitability, fueling optimism for a potential rally towards the $3,000 price target.... CoinTelegraphMay 4, 2026 • 4:30 PM1 views Ethereum (ETH) is experiencing a significant resurgence in investor profitability, fueling optimism for a potential rally towards the $3,000 price target. This turnaround, driven by improved network economics following the Dencun upgrade and renewed market interest, signals a positive shift after a period of widespread losses.
The upgrade's success in reducing Layer 2 transaction fees enhances the network's utility and accessibility, potentially attracting more users and capital. However, a critical resistance level at $2,800 presents a substantial hurdle. Overcoming this barrier will require significant buying volume to absorb selling pressure from investors looking to exit at break-even or lower profits. For the complete material, the listing points back to the source inside the network.