Ethereum approaches $3,000 with strong momentum and a bullish wedge pattern.
zkEVM launch on Layer 1 could boost scalability, privacy, and adoption.
Analysts target $4,885, $5,625, and $6,870 after a confirmed breakout.
Ethereum — ETH, has been building in silence. But right now, that silence feels explosive. The price creeps toward $3,000. The charts whisper bullish momentum. And many still sleep on it. ETH below $2,000 was a gift. Some took it. Most didn’t. Now comes the last real chance to load before the breakout. A textbook Descending Broadening Wedge on the weekly chart sets the tone. And three major price targets now hover on the horizon.
https://twitter.com/cryptclay/status/1943706047845482808 Why Ethereum’s Setup Looks Too Good to Ignore
Ethereum has slowly shifted gears. What looked like sideways action now reveals a strong foundation. The wedge formation continues to widen. Support remains solid. And volume grows. These are the early signs of a trend reversal. Analysts call this kind of setup a launch pattern. It stretches out like a coiled spring. Once price clears resistance, that coil can release fast. Targets sit at $4,885, $5,625, and $6,870. These are technical extensions based on current structure and momentum. If Ethereum flips $3,000 into support, a domino effect could follow.
But price action isn’t the only thing heating up. Ethereum just received a massive boost from the development side. The Ethereum Foundation recently shared plans to launch a zkEVM directly on Layer 1. That means zero-knowledge proofs baked into the main chain. No rollups. No middlemen. Just pure scalability. This could redefine how Ethereum works. Faster confirmations. Lower fees. Stronger privacy. Better UX. Everything improves. Developers plan to push ZK across the entire stack. From consensus upgrades to client-side proof systems, Ethereum embraces this tech full throttle.
The Final Zone Before the Run
That alone could pull massive attention away from competitors. Especially Solana, which has won short-term battles on cost and speed. But Ethereum plays the long game. And now, that game just got a serious upgrade. Ethereum at $3,000 isn’t cheap. But compared to where it could go? It’s still early. This level could act as the final accumulation zone before liftoff.
Many traders hesitate here. They fear it’s already too late. That’s the trap. Real breakouts never wait for permission. They punish hesitation. The wedge formation now approaches the breakout point. Price flirts with key resistance. Momentum shifts upward. And sentiment flips. Once this move begins, it could catch many off guard. The structure doesn’t need much to ignite.
The community senses the shift. Tech advances. Volume builds. And bulls grow louder. You don’t need to chase green candles. But ignoring the setup could prove costly. ETH won’t stay at this level forever. The story builds. The path clears. The breakout approaches. So, are you positioned for what comes next? Because when Ethereum moves, it doesn’t look back.
