$ETH climbs to $2,998.99, a 1.04% rise as it approaches the critical $3,000 psychological barrier. Massive volume of 200,595 ETH and $600.46M USDT traded underscores intense institutional interest. The price is challenging the MAGO resistance near $3,024.53, with the 24-hour high of $3,060.55 now in sight. Holding above the $2,986 support is crucial. A decisive break above $3,025 would confirm a bullish structure, targeting a retest of the $3,060 resistance and potentially igniting a larger move toward $3,100.

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