#Ethereum Targets $3,000 as Bullish Momentum Builds❗
Ethereum is gaining traction, riding the wave of Bitcoin’s rally. After bouncing from $2,440, ETH has been climbing steadily, breaking past $2,500 and $2,520, and now trading above $2,540 and the 100-hour SMA.
A bullish trend line supports $ETH ETH around $2,500 on the hourly chart. If ETH can clear the $2,620 resistance, it could strengthen further, with $2,650 and $2,720 as the next key levels. A breakout above $2,720 could pave the way for a surge toward $2,840 — and potentially even $2,920 or $3,000 in the near term.
However, if Ethereum fails to surpass $2,620, a pullback could follow. Immediate support sits near $2,525, with stronger backing at $2,500. A drop below this level might send ETH back to $2,440 or even $2,350 if selling pressure increases.
Technical Snapshot:
MACD is gaining strength in bullish territory
RSI remains above 50, signaling positive momentum
Key Support: $2,500
Key Resistance: $2,620
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