The persistent upward trend of Ethereum above the $3,000 mark puts the altcoin in a favorable position for a breakout in the third quarter of 2025.
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#Ethereum maintains bullish momentum above $3,000:
Recently, Ethereum (ETH) rose above the $3,000 level, finishing the week at around $2,957, up 15% over the weekly period.
Although this movement was accompanied by some profit-taking, the data available in the derivatives market shows that traders are still interested.
The total interest currently stands at $18.82 billion and is close to the levels it reached in December 2024 when ETH was priced at $4,000.
The average funding rate is positive at 0.0110, indicating a bullish bias in the market without significant leverage.
The ratio of long to short positions is 2.663, reflecting the levels before the dramatic rise of Ethereum in May 2025.
The current demand for ETFs and stable market sentiment allows Ethereum's technical order to aim for a new attempt to reach historical highs by the end of the quarter.
Traders are closely monitoring stable support above the $2,900 mark and liquidations, which could serve as a driver for further growth.