Ethereum (ETH) has made a major move, surpassing the psychological $3,000 level for the first time since February 2025. This breakout comes amid a broader crypto market rebound, and analysts agree: if momentum holds, $5,000 could be within reach.
🔹 ETH Back Above $3,000 – A Strong Signal for the Market
With ETH now trading around $3,008, the altcoin is up 8% in the past 24 hours, and daily trading volume has soared to an impressive $37 billion. This rally is supported by both technical patterns—such as a bullish flag breakout—and a surge in investor demand.
🔹 Short Squeezes Fuel the Rally
In just 24 hours, over $219 million in short positions have been liquidated. This wave of short squeezes has added even more buying pressure, further accelerating ETH's price rise.
Derivative markets confirm this interest, with trading volumes jumping 39% to $126 million, and open interest reaching a multi-month high of $42 billion.
🔹 Technical Setup Points to $5,000 Target
ETH recently broke out of a bullish flag pattern formed between the $1,540 support and the $2,742 resistance levels. This type of setup often precedes major upward moves—statistically pointing to a 78% rally if conditions stay bullish.
Moreover, a golden cross (when the 50-day moving average crosses above the 200-day average) has previously pushed ETH over 38% higher. If history repeats—which is not uncommon with crypto—more gains could be on the way.
🔹 ETF Inflows Hit 2025 High – Institutional Demand Surges
One of the biggest drivers of Ethereum’s rise is institutional interest via spot ETH ETFs. Yesterday alone, ETH ETF inflows spiked to $383 million—the highest since December 2025.
BlackRock, the ETF giant, reached a milestone by holding over 2 million ETH tokens, a strong sign of growing institutional confidence in Ethereum as a long-term investment beyond Bitcoin.
Conclusion: Is $5,000 Coming Soon?
With key signals aligning—technical breakouts, short squeeze pressure, record ETF inflows, and increased institutional interest—Ethereum may be on its way to a new all-time high. The $5,000 target is not guaranteed, but it’s looking increasingly realistic.
📊 Keep an eye on the RSI indicator. Even at 71, it remains below the overbought threshold, leaving room for the rally to continue.
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