𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗦𝘁𝗮𝗹𝗹𝘀 𝗡𝗲𝗮𝗿 $3,000 — 𝗪𝗵𝗮𝘁’𝘀 𝗡𝗲𝘅𝘁 𝗳𝗼𝗿 𝗧𝗿𝗮𝗱𝗲𝗿𝘀?
Ethereum (ETH) once again climbed above the $3,000 mark this week, hitting a local high around $3,081.
But bulls couldn’t hold the momentum: ETH broke below a short-term bullish trend line near $2,980, and price is now hovering around $2,970.9 with the 100-hour simple moving average acting as nearby support.
📊 Key technical levels to watch
✅ Immediate resistance: $2,980 — the broken trend line
✅ Stronger hurdle: $3,000 (psychological + previous rejection area)
✅ If ETH clears $3,000 decisively, next targets could be around $3,040, and then retest the recent top near $3,080–$3,100
✅ Above that, the upside extension might reach $3,200–$3,220
⚠️ Downside risk if bulls fail
If ETH stays below $3,000:
🔻 Closest support: $2,940, then $2,900 (key level to keep the short-term uptrend alive)
🔻 Break below $2,900 could accelerate losses to $2,800 and then $2,720
📈 Technical signals
MACD: turning bearish on lower timeframes — momentum cooling
RSI: slipped below 50 — shows weakening bullish strength
🧭 What traders should watch next
A clear hourly or daily close above $3,000–$3,040 would signal bulls are back in control, targeting $3,080+.
A failure and close below $2,900 could see ETH retest deeper supports around $2,800–$2,720.
Watch volume and RSI divergence for early signs of breakout or fakeout.
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