Overview

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Ethereum faces challenges as it attempts to break through crucial resistance levels. Despite efforts to resume its upward trajectory, several barriers are keeping the price under pressure. With Ethereum’s price stuck between $3,200 and $3,500 for weeks, many are wondering if its dominance in the altcoin market is at risk. Ethereum Struggles to Break The price of Ethereum (ETH) could be well on its way to a breakout, facing off against one Network Congestion and High Fees: Ethereum has struggled with high transaction fees and network congestion during periods of heavy use. This could push users The price of Ethereum ETH could be well on its way to a breakout facing off against one ikey obstacle on its ascension to 3500 Since the start of 2025 ETH has been on Key Takeaways. Ethereum co-founder Vitalik Buterin says the project will try to scale the L1 and L2s in 2025. Data shows waning confidence in ETH, with selling pressure Key Catalysts Could Drive Recovery – The Pectra upgrade (focused on scalability & lower fees) and strategic reserve developments could push ETH toward $3,000 if The post-breakout rally may surge the Ether by over 10% to rechallenge the last peak of $2700. This level stands as the next key barrier before buyers reclaim the $3000 Binance Research’s report starkly portrays the challenges Ethereum faces, particularly as competing Layer-1 platforms like Solana continue to gain traction with increased Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards its $100,000 target on Friday, November 22.

Ethereum (ETH) Faces One Key Obstacle on Its Way to $3500: Can it Break Through?

The price of Ethereum (ETH) could be well on its way to a breakout, facing off against one key obstacle on its ascension to $3500. Since the start of 2025, ETH has been on a rollercoaster, and now faces a crucial test.

Ethereum Struggles to Break Free

The price of Ethereum (ETH) could be well on its way to a breakout, facing off against one... Let's delve into the specific hurdle preventing ETH from achieving this significant milestone.

Network Congestion and High Fees: A Major Headwind

Ethereum has struggled with high transaction fees and network congestion during periods of heavy use. This could push users to explore alternative Layer-1 solutions. Binance Research’s report starkly portrays the challenges Ethereum faces, particularly as competing Layer-1 platforms like Solana continue to gain traction with increased user adoption and faster transaction speeds.

Key Takeaways & Future Prospects

Ethereum co-founder Vitalik Buterin says the project will try to scale the L1 and L2s in 2025, directly addressing the congestion issue. Addressing scalability is crucial for Ethereum's long-term success.

Key Catalysts Could Drive Recovery

The Pectra upgrade (focused on scalability & lower fees) and strategic reserve developments could push ETH toward $3,000 if implemented successfully. These upgrades are essential for regaining market confidence.

Data shows waning confidence in ETH, with selling pressure increasing recently. However, the post-breakout rally may surge the Ether by over 10% to rechallenge the last peak of $2700. This level stands as the next key barrier before buyers reclaim the $3000 mark.

Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards its $100,000 target on Friday, November 22, highlighting the competitive landscape within the cryptocurrency market.