Ethereum breaks through strongly, but the 3000 level faces a critical test
Led by Bitcoin, Ethereum ($ETH) surged strongly, with a large bullish candle directly breaking through the previous consolidation range, reaching a high of around $2800, and currently undergoing hourly-level consolidation at a high. From a momentum perspective, this round of growth has not yet ended, and there is still potential for further upward movement, with the next target area looking towards $2900-3000.
However, $3000 is not only a psychological round number but also a key neckline resistance level, which is expected to face strong resistance. Once the price approaches this area, a market pullback may occur. For short-term traders, it is now entering a phase of taking profits in batches, and chasing highs requires caution, while bears are better suited to waiting for a pullback opportunity after a rise.
Key level analysis
Upper resistance: 2850 / 3050 / 3200
Lower support: 2680 / 2510 / 2430 / 2320 / 2130
Overall, Ethereum is still in an upward trend, but the battle between bulls and bears near the $3000 level will determine the subsequent trend. Investors need to maintain flexible strategies and avoid blindly chasing price increases at key resistance levels.
