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.
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.
According to the note, validators installed a batch of performance patches in May that cut reward variance and lowered hardware overhead.
MEXC Research said the improvements “bolster network security and throughput, especially for custodial staking services that target pension funds and insurers.”
Developers continue to launch products despite macro uncertainty, which the desk described as evidence of “durable revenue generation.”
MEXC Research argued that an eventual staking component “only strengthens Ethereum’s fundamentals” but kept its price projection unchanged.
MEXC Research said wallet data shows “risk appetite slowly returning,” with leveraged perpetual positions climbing but still well below last year’s peaks.
The note predicts that ETH will reach $3,000 in the coming weeks and projects follow-through toward $3,300 if momentum holds and global liquidity remains accommodative.
Notably, traders should watch $2,440 as the first line of support. A sustained break could expose $2,350 and ultimately $2,100 if a geopolitical shock revives cross-asset selling.
