โก Ethereum Breaks $3K โ Is a New Bull Run Brewing?
$ETH /USDT Price: $3003.46
4H Change: +1.18%
High: $3,040
Key Moving Averages:
MA 20: $2738
MA 200: $2532
๐ Whatโs Happening on the Chart?
๐ฅ Ethereum reclaims $3,000 with conviction โ a level not seen since early Q1.
๐ Clean breakout from multi-week consolidation above $2,700.
๐ Volume is rising, and price is soaring past major moving averages โ a textbook signal of trend reversal.
๐ง Why It Matters:
Psychological level breached: $3K = renewed investor confidence.
The ETH/BTC ratio has been ticking higher โ flipping altcoin season vibes.
ETF narratives, ETH 2.0 progress, and L2 growth add tailwinds.
๐ฎ Next Bull Targets:
$3,200 โ minor resistance zone.
$3,500-$3,700 โ December highs, key Fibonacci zone.
$4,000+ โ blue-sky breakout if bulls stay hungry.
๐ก๏ธ Support Watch:
$2,700-$2,800 โ recent consolidation floor.
$2,500 โ strong long-term MA zone.
Verdict:
Ethereumโs breakout above $3K isnโt just technical โ itโs psychological. If bulls defend this level, ETH could ignite a broader Layer 1 rally. Eyes wide open โ this might be the early spark of a second-half 2025 crypto surge.
