$ETH Historical patterns have repeated as the token stepped out of oversold levels in the Relative Strength Index (RSI), broke above its consolidation, and went on to deliver significant gains in the next 45 days. Since that first prediction came out, ETH has delivered gains of 57.2%.

Now that we are getting closer to the $3,000 mark, the question would be, can the rally keep going afterward?

It is worth noting that a push to $3,000 would imply a retest of the token’s former trend line support, which could now act as resistance.

One encouraging signal for bulls is that the 9-day and 21-day exponential moving averages (EMAs) have crossed above the signal line. This ‘golden cross’ between short-term and long-term moving averages typically precedes significant upward movements.

However, we are not entirely out of the woods yet, as today’s rally has still not broken ETH’s latest higher high. If a breakout occurs, which requires a decisive move above $2,800, then we will be onto something and could possibly head to $3,000 in no time.