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Is the price of Ethereum heading towards $3000 after breaking the main trend line?

The total market value (TVL) of Ethereum continued to rise despite the weak performance of the currency in 2025.

Ethereum emerged from a consolidation phase after breaking the 21-day exponential moving average.

Ethereum could rise to $3000 if historical patterns repeat.

Market sentiment has seen a noticeable improvement in the past few days, according to the fear and greed index.

This index has moved from its all-time low of 15 points a few days ago to 53 points at the time of writing this report, indicating that investors have shifted from a state of "extreme" fear to a "neutral" outlook as market conditions seem to have improved compared to the past two weeks.