ETH Surges to $3,000 — Is There More Upside Ahead? (Ethereum Price Analysis)

Key Points

1. ETH broke above the $2,800 resistance level in early 2025, with moving averages (100-day and 200-day) supporting the bullish trend at $2,300 and $2,500, respectively.

2. The recent breakout invalidated prior liquidity hunts near $2,900, and a sustained move above $3,000 strengthens the bullish case, with $3,400 as the next target.

3. On the 4H chart, ETH displayed an impulsive structure, clearing buy-side liquidity zones and leaving fair value gaps, which may act as support levels (e.g., $2,700).

4. Open interest in ETH derivatives hit a record $22.6B, indicating high leveraged positioning, which could lead to volatility or short-term corrections if the market becomes overextended.