#ETHBreaks3k $ETH

Here’s the latest on Ethereum (ETH) — yes, it just broke above the $3,000 mark!

🚀 ETH Just Crossed $3K

• Price status: ETH is trading around $3,001, touching intraday highs near $3,027 .

• Recent milestone: It cracked the $3,000 level today—the first time since February 2025 .

• Momentum drivers:

• Major inflows into spot ETH ETFs (~$211 million in a single day, with $500 million+ month‑to‑date) .

• Institutional interest and record futures open interest (~$3.3 billion on CME) .

• Bitcoin’s surge also lifting ETH along—ETH/BTC correlation at 0.95 .

Chart & Technical View

• ETH overcame the $2,650–2,750 consolidation range, broke the psychological $3,000 barrier, and is now testing resistance around $3,040–3,050 .

• Bullish formations (bull flag, bullish crossovers) suggest room for further upside—targets ranging from $3,200 to $5,000+ based on pattern breakout .

• RSI is overbought (~70+), so some short-term consolidation or pullback possible, but technical trend remains strong .

Key Watchpoints Ahead

1. Support levels: If price dips, key zones are $2,950–2,980 and then $2,880–2,900 .

2. Breakout potential: A sustained move above $3,050–3,080 could open the path to $3,200–3,600, with even $4,000–5,000 on the radar .

3. Market balance: Institutional inflows are strong, but some retail selling (“paper hands”) may cap short-term spikes .

4. Macro & BTC trend: Continued Bitcoin gains and ETF momentum will likely support ETH’s follow-up.

In Summary

Ethereum has officially broken above $3,000 as of July 11, 2025, driven by a powerful mix of institutional ETF activity, Bitcoin strength, and technical breakouts. While momentum remains bullish, expect possible short-term consolidation before the next leg up. Key levels to track: $3,050, $3,200, and $4,000+.

Want me to dive deeper—like chart setups, ETF inflows, or top broker platforms?

Feel free to ask!$ETH