Ethereum Eyes $3,000: Could This Be the Start of a Crypto Comeback?
After weeks of dull price action, Ethereum just sparked new excitement in the market—analysts are now eyeing a potential breakout toward $3,000. The recent price uptick, though modest, has traders on edge as Ethereum hovers near key support and a possible trend reversal.
Despite economic headwinds and rising US-China tensions shaking global markets, Ethereum has shown surprising resilience. Holding above $1,600 and rebounding from a solid $1,500 base, ETH’s structure hints at a higher low—a classic reversal setup. If bulls can push past the persistent $1,700–$1,800 resistance zone, it could ignite the next leg of the rally.
Crypto analyst Carl Runefelt believes that if short-term resistance cracks, Ethereum could soar rapidly. His target? A bullish surge to $3,000.
But the road won’t be easy. ETH is still stuck under major resistance and needs to reclaim $1,691 to confirm momentum. A strong breakout could trigger a run toward the psychological $2,000 barrier—a critical test for both bulls and market sentiment.
Yet, failure to break above these levels could send Ethereum spiraling back to $1,500 or lower, especially if macro pressures intensify. Volume and sentiment will be key indicators in the coming days.
With the DeFi space expanding and real-world Ethereum adoption on the rise, ETH might just be the spark that lights up the next crypto bull run. Will Ethereum break free—or break down? Either way, the next move could define the cycle.
