Recent tailwinds such as staking on exchange-traded funds (ETFs) and regulatory clarity may drive Ethereum (ETH) toward $3,000 in the coming weeks, according to a note by MEXC Research.
As of press time, ETH was trading at $2,510, up 3% over the past 24 hours.
MEXC Research linked the upside scenario to two key drivers: new US regulations for dollar-pegged tokens and renewed institutional demand.
The Senate passed the GENIUS Act earlier this month and sent the stablecoin-focused bill to Congress for final consideration.
According to MEXC Research, Ethereum handles the most stablecoin traffic, so the law “serves as a direct tailwind” by reducing compliance friction for entities that mint or redeem on the network.
Furthermore, ETFs mirrored the shift. Data from Farside Investors highlighted that monthly net flows into spot Ethereum products reached $1.1 billion as of June 27,…
