Ethereum breaks above $3,000 with rising volume, signaling strong bullish market momentum.
Accumulation range breakout sets Ethereum on a path toward $4,000 and longer-term $10,000 target.
Stable supply, growing demand, and rising trading activity support Ethereum’s continued upward trend.
Ethereum (ETH) has regained key momentum after reclaiming the $2,200 support, moving past $3,000 and signaling a bullish trend. The current market structure suggests that every resistance level is fueling further growth, with $4,000 in view and a longer-term target set near $10,000.
Weekly Breakout Pushes Ethereum Toward $4,000 and Beyond
Ethereum showed strength with a breakout from the $1,500–$2,200 accumulation range. The higher low structure formed over recent months has supported this upward move. According to an analysis prepared by Merlijn The Trader, “ETH is on a mission,” with resistance levels turning into price catalysts. At the time of writing, ETH was trading around $3,014.95.
https://twitter.com/MerlijnTrader/status/1943354531951059153
ETH’s climb above $3,000 followed a period of sideways movement and low volatility. The daily chart showed a sharp increase in price beginning near midnight UTC, with the strongest spike recorded between 12:30 AM and 1:00 AM. The market responded with increased trading volume, up 25.73% to over $39 billion.
Clifton Fx noted that Ethereum is preparing for another breakout and stated that, in case of a successful upside breakout, the next target area is $4,000. Analysts also point to rising volume and momentum, which could drive prices through $4,000 and eventually toward the $10,000 zone.
Institutional Interest and Market Sentiment Support the Trend
Ethereum’s current rally is backed by growing investor interest and strong market sentiment. The market cap reached $363.95 billion, reflecting renewed confidence across the crypto sector.
According to an observation by chart analysts, ETH’s volume-to-market cap ratio of 10.97% shows active trading in both spot and derivatives. The fully diluted valuation equals the circulating supply’s market cap, which remains at 120.71 million ETH.
No major changes in issuance have occurred, keeping supply stable as demand rises. The $4,000 resistance zone is now being closely watched as the next major level before longer-term targets come into play.
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