Ethereum is back in the game: Are we heading to $3,000?
After months of bearish pressure, the price of Ethereum finally shows signs of life. The break of a six-month downtrend line has ignited optimism in the crypto community, with analysts pointing to $3,000 as the next key target.
Since its drop from $4,100, ETH has struggled to regain ground, but is now trading above $1,775, supported by its 50-day moving average and a significant improvement in its RSI. Analysts like Mikybull Crypto and Crypto Claws agree: Ethereum is ready for a bullish reversal, as long as it overcomes the resistances between $2,100 and $2,800.
The Pectra upgrade and solid growth in on-chain metrics — such as the 41% increase in TVL and the 22% rise in transactions — reinforce this positive sentiment. However, the drop in fees and recent outflows in spot Ether ETFs in the U.S. continue to raise doubts about the sustainability of the rally.
Are we witnessing the beginning of a real recovery or just a temporary spike?
Do you think ETH will reach $3,000 soon? Or is it a fleeting illusion?
Comment your analysis, react, and share with other crypto enthusiasts.
