Is ETH Finally Ready to Shoot For $3K? (Ethereum Price Analysis)

Key Points

1. ETH rebounded from the $2,220 demand zone and is now testing the $2,600 mark, trading above the 200-day moving average (~$2,400).

2. The recent rally stalled near $2,800, where ETH faced liquidity resistance before reversing, forming a short-term lower high.

3. A bullish structure remains intact if ETH holds above the 100 and 200 moving averages and doesn’t break below $2,400.

4. The RSI (57–60) reflects moderate bullish momentum, with potential to revisit $2,880 or challenge $3,000 if resistance is broken.

5. A failure to break above $2,700 could lead to a rejection toward $2,400, while a breakout could target $2,900 or higher.

6. ETH's exchange reserves have dropped to 18.93M, indicating reduced selling pressure from centralized exchanges.

7. Market sentiment is slightly bullish, but the lack of strong demand from retail or whales suggests a breakout may require further confirmation.