Ether's price is approaching the $3,000 mark amid positive trading sentiment sparked by several corporate announcements regarding ETH treasury purchases. Notably, SharpLink Gaming's acquisition of 7,689 Ether between June 28 and July 4, at an average price of $2,501, contributed to a bullish outlook, driving Ether's total market cap to approximately $339.86 billion. Analysts are predicting a potential rally to $3,153 as a result of this momentum and increasing spot ETH ETF inflows. The price broke key resistance at $2,738 with the 20-day exponential moving average trending upwards and the RSI in positive territory, indicating buyers are gaining strength. However, sellers may try to defend the $2,879 level, and any drop below $2,738 could signal profit-taking among bulls. Current market dynamics suggest that if the price holds above the 20-day EMA, another attempt to reach $2,879 is possible, but a break below this support could indicate a longer consolidation phase within a specified range.

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