ETH Price Prediction: Will It Reclaim $ 3,400? – EV2 Presale, Where Crypto Is Headed Next

ETH has spent the weekend grinding sideways, and that’s exactly what bulls want to see. After a volatile start to the month that cleaned out leveraged longs and flushed weak hands, ETH is now stubbornly holding the $3,000 level. At the time of writing, ETH is trading around $3,150, up 0.8% over the past 24 hours.

This show of strength from ETH over the weekend is encouraging, having looked shaky earlier in the week as BTC dragged the market down. Now, ETH has regained momentum and is moving to its own groove. This isn’t just good news for ETH holders; it also bodes well for the entire EVM ecosystem that revolves around it, particularly L2s.

Let’s examine why ETH at $ 3,100 matters, where its price could go next, and why capital is flowing into the newly launched EV2 presale in the Web3 gaming sector.

Ethereum Doggedly Defends $3,100

ETH’s structure right now can be summed up in one word: accumulation. After dipping toward the low $3Ks earlier this week, spot buyers stepped in hard. Several data points support this move, including Ethereum gas usage having climbed after a week of muted on-chain activity.

If ETH reclaims and holds $3,500, the next logical target is $ 3,700, with upside to $ 3,800 if momentum flows in from the ETH/BTC pair. This is supported by the latest ETH price prediction, which forecasts the asset to surpass the $3.8K zone by the end of the month. That ETH is outperforming BTC in the last 48 hours is the strongest confirmation that it’s more likely headed higher.

When BTC stabilizes, traders typically rotate into ETH because it moves more quickly once it gets going and thus offers higher beta exposure to the current market cycle. Which is why, short of full-blown bullish conditions returning, the neutral market conditions we’re witnessing right now are favorable for ETH.

EV2 Presale Woos Web3 Gamers

ETH holding steady might not be the most exciting story of the weekend, but it’s one of the most important, given that it and BTC still exert significant sway over the rest of the market. As long as this structure remains intact and ETH stays above $ 3,000, capital will continue to flow into the EV2 presale. Think EVE Online meets Starfield, but with player-ownership baked into the economy.

The open-world PvX looter shooter game is built on Web3 rails, though the crypto components are abstracted, making it easier for mainstream gamers to get involved without needing to take a crash course in Blockchain 101. In the forthcoming AAA combat game, players earn and trade tokenized gear that affects power levels and character progression. Developer Funtico has been toiling over this game for some time, and now that EV2 is nearing release, the excitement is palpable.

Where Crypto Goes From Here

It’s tempting to obsess over single price levels or single catalysts. Still, the bigger picture matters more: BTC is holding above support, ETH is beginning a higher-timeframe coil, and trading volume is returning across both spot and perps markets. Rotation into presales and narrative plays is picking up. All told, the market is looking significantly stronger than it was at the start of the week.

Don’t over-leverage, but now could be a good time to make spot buys of tokens that are holding the line and looking primed to move higher the moment the market turns green.