ETH closed above $2.8K after weeks of range movement and now trades with bullish momentum building.
The breakout followed a clear downtrend break and price continues holding above new support levels.
If structure remains strong ETH may reach $3K soon as buying pressure grows after each session close.
Ethereum has moved above the $2,800 mark after breaking out of its long-held consolidation zone, setting up a move to $3,000. According to a June 11 update by CryptoAnup, ETH flipped a major resistance zone into support after weeks of sideways price action.
Source: X
The chart shows Ethereum had previously respected a steep downward trendline since December 2024. That trendline was tested multiple times before the final breakout occurred in late May 2025.
Price rebounded sharply from a support zone near $1,600 in April, then rallied above the descending resistance in a breakout candle. Since then, ETH consolidated in a narrow range between $2,600 and $2,800.
Price Action Shows Downtrend Break and Structure Shift
The chart confirms that Ethereum was previously locked below a descending resistance connecting key lower highs since Q4 2024. The price was rejected at this trendline on at least four separate occasions, visible with orange markers on the chart.
In May 2025, Ethereum broke above this trendline for the first time after forming a higher low near the $1,600 zone. This breakout marked the end of a multi-month bearish structure that began in late 2024.
After this move, ETH entered a clean consolidation range with several tight-bodied candles forming in a horizontal channel between $2,600 and $2,800. This area acted as a pause before momentum resumed. The pattern held through May and early June.
Anup Dhungena stated that Ethereum had now broken out of this range and was targeting the next round level at $3,000. This analysis was shared alongside a chart showing the confirmed breakout, highlighted with a yellow circle and breakout arrow.
The lower blue zone represents the demand base that helped propel the recent rally. This structure has not been revisited since ETH reclaimed strength above $2,400. Each rally phase since then has built on higher support.
Can Ethereum Reach $3,000 Without Rejection?
According to the technical chart, the next zone of interest lies just above the $2,950 mark. That level previously acted as a supply area during the January 2025 rejection. Traders will be watching if ETH can reclaim and hold this area.
The $2,800 zone is now being considered new support. A successful retest would confirm bullish continuation. ETH will need to sustain higher highs and avoid falling back into the previous range to keep momentum strong.
Momentum has increased since the trendline break. If the pattern repeats prior breakout behavior, Ethereum could reach $3,000 within the next few sessions. The upward channel and clean breakout give traders a visual guide for near-term movement.
