Recovering $3,000 Could Trigger a Rally Across the Market Recovering R$15,000 Could Trigger a Rally Across the Market
Ethereum is trading above $2,600 after a volatile period in which bulls regained momentum and pushed the price into a key resistance zone. The recent bounce brought renewed optimism to the market, with the $ETH now flirting with a possible continuation upward. However, the path ahead remains uncertain as analysts warn of a potential pullback before any major breakout can occur. In recent days, the $ETH has shown strength, recovering from local supports and resuming short-term moving averages. This movement changed sentiment, but it was not enough to fully escape the risk of a short-term correction. Some market observers argue that a healthy pullback from current levels would be normal before any sustainable rally above resistance. Notable analyst Jelle added to the conversation with a simple yet compelling view: "If the $ETH returns above $3,000, the real fun begins." The $3,000 level has acted as a psychological and technical barrier throughout this cycle, and reclaiming it would likely ignite broader momentum in the market.
Ethereum is showing remarkable strength among altcoins, leading the market with renewed momentum as bulls continue to press for a new bullish phase. After reclaiming the $2,600 level, ETH has been steadily building support and gaining traction, setting the stage for what many analysts believe could be the start of a broader resurgence of altcoins. However, for a true "altseason" to materialize, Ethereum must first reclaim and hold above the $3,000 level. This threshold is more than just a psychological milestone—historically, it has acted as a pivot for strong rallies across the market. Many experts agree that ETH needs to break this resistance to confirm leadership and spark confidence throughout the altcoin sector. Hope remains high, particularly among analysts who see Ethereum following in Bitcoin's footsteps. As BTC continues to test its all-time highs, some believe that once its current bullish momentum cools, capital will rotate into ETH and other large-cap altcoins. This rotation could serve as the ignition point for a rally across the market. Jelle supports this view, stating that if Ethereum reclaims $3,000, a bullish momentum will occur. According to his analysis, a confirmed breakout above this level would mark the beginning of a powerful continuation phase, likely sending ETH quickly towards $3,400 and beyond. Until then, Ethereum remains in a critical position—strong enough to lead but still facing key resistance. If bulls maintain momentum and reclaim $3,000 with conviction, the stage will be set not only for Ethereum's next upward move but for a large-scale "altseason" across the market. The coming days could be decisive.
Ethereum (ETH) is currently trading at $2,634 on the daily chart, consolidating just below a key resistance zone marked by the 200-day moving average at $2,699.60. After a sharp upward move in early May, ETH entered a consolidation phase.
