Ethereum Taking Significant Strides: Could $3,000 Be Next for Ethereum Crypto asset?

Ethereum is on the rise, increasing by 35% this week. If this trend continues, Ethereum crypto asset may surpass and settle above $3,000. The ETH Foundation has also unveiled the Trillion Dollar Security initiative, with BTCS reinforcing its efforts as well.

None of the leading 20 cryptocurrencies can match Ethereum’s upward trajectory. ETH has climbed more than 35% this week, exceeding even the top Solana meme coins such as TRUMP and WIF.

The rising ETH values have also lifted ecosystem tokens, with PEPE gaining over 50% in just one week, solidifying its positioning as the second largest meme token. Uniswap, AAVE, and ENA continue to perform well, emerging as some of the most promising cryptos to consider in Q2 2025.

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Will Ethereum Crypto Cross $3,000?

From a technical perspective, ETH is well situated to extend its gains and possibly surpass BTC in the short to medium term if it manages to close above $3,000.

The ETHUSDT candlestick chart indicates a breakout pattern. Even with a minor slowdown yesterday, the upward trend remains strong as long as $2,400 is maintained.

(ETHUSDT)

If prices exceed $2,800 by the end of today, Ethereum stands a good chance of reaching $3,000. The subsequent targets would be the 2024 high of $4,100 and later, the 2021 peak of $4,900.

Data from Sentora indicates that over $1.2 billion worth of Ethereum was taken out of centralized exchanges last week.

$1.2 billion worth of Ethereum has been withdrawn from centralized exchanges in the past 7 days.

This steady trend of net outflows, which has been intensifying since early May, indicates ongoing accumulation and lowered selling pressure. pic.twitter.com/fMYJmPOnB0

— Sentora (previously IntoTheBlock) (@SentoraHQ) May 14, 2025

Withdrawals have increased since early May 2025, indicating that owners are holding onto their assets, or engaging in Decentralized finance activities, which is a positive sign for Ethereum.

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ETH Foundation Unveils Trillion Dollar Safety Initiative

The ETH Foundation has recently introduced the “Trillion Dollar Security” (1TS) project, which will roll out in three phases.

This initiative aims to enhance Ethereum’s safety, establishing it as a reliable layer for global financial applications.

0. Announcing the Trillion Dollar Security (1TS) initiative: an ecosystem-wide effort to upgrade Ethereum’s safety to help bring the world onchain.

— Ethereum Foundation (@ethereumfndn) May 14, 2025

The objective is to ensure that ETH can cater to the demands of billions of users, each securely holding at least $1,000 on-chain, while smart contracts manage more than $1 trillion in assets.

This initiative is a response to actions taken by BlackRock and other institutions utilizing ETH for tokenization and promoting Decentralized finance expansion.

Currently, the ETH DeFi ecosystem boasts over $61 billion in total value locked (TVL). Its growth is expected to accelerate, particularly if U.S. regulations advocating tokenization, particularly regarding stablecoins, are expedited.

(Source)

BTCS Implements Strategy and Develops Ethereum Framework

BTCS, a blockchain company based in the U.S., is taking advantage of Ethereum’s upward momentum.

Yesterday, the firm revealed it will issue up to $57.8 million in convertible notes, spearheaded by ATW Partners. The funds will be utilized to bolster their Ethereum node node operations, amplifying ETH exposure while generating staking returns.

Charles Allen, the CEO of BTCS, stated:

“Just like MicroStrategy leveraged its balance sheet to accumulate Bitcoin, we are implementing a strategic approach to elevate our ETH exposure and foster recurring revenue through locking tokens and building operations—while positioning BTCS for significant growth should Ethereum continue its upward trend.”

This initiative is in line with broader institutional trends.

As per SosoValue, institutions acquired over $63 million in the last 24 hours, raising total net inflows to $2.53 billion.

(Source)

Spot ETH ETFs in the U.S. now account for nearly 3% of ETH currently in circulation.

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