Assessing if Ethereum could flip $3K into support, if so, what’s ahead?

Key Points

1. Ethereum has rebounded over 50% since mid-June, outperforming Bitcoin's 25% gain in the same period.

2. The ETH/BTC pair printed its first higher low, a technical indicator suggesting sustained upside potential.

3. Ethereum dominance (ETH.D) reached 10.33%, its highest market share in Q2 and Q3, indicating capital rotation into ETH.

4. Whale activity shows high-conviction buys, reinforcing the strength of ETH's current setup.

5. ETH's strong structure, smart money flow, and climbing dominance suggest it is carving out its own bid, potentially turning $3,000 into support.