๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐๐ฒ๐ $๐ฏ๐ ๐ฎ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ง๐ฒ๐๐๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐ฆ๐๐ฝ๐ฝ๐ผ๐ฟ๐
Ethereum is currently trading near $2,761, just below its breakout zone of $2,800. After months of sideways movement, ETH is now showing signs of bullish momentum that could send it to $3,000.
โ Whatโs Happening?
ETH has broken out of a long-term downtrend that began in late 2024.
After flipping the $2,800 resistance into support, ETH has been consolidating above $2,600, indicating growing buying interest.
The breakout confirms a shift in trend โ from lower highs to higher lows.
๐ Key Levels to Watch
Support Zones: $2,600 and $2,400 โ both zones have held strong during recent pullbacks.
Resistance Zones: $2,800 (current retest area) and $2,950 โ a supply zone from January 2025.
Breakout Target: A clean move above $2,950 could open the path to $3,000 or higher.
๐ Why Traders Are Watching This
Ethereum has consistently built strength from past corrections:
๐ From $1,600 โ $2,400 โ $2,600 โ each step showed strong buyer defense.
If ETH holds above $2,800 and volume picks up, it could confirm a bullish continuation pattern, increasing the probability of reaching $3K in the near term.
โ ๏ธ What Could Invalidate the Move?
A failure to hold above $2,600 would be a bearish signal, potentially dragging price back into the old range.
Traders should be cautious of low-volume breakouts or sharp rejections near $2,950.
๐ Final Take
Ethereum is on the verge of confirming a trend reversal. If current momentum holds and price stays above $2,800, ETH may rally to $3,000 soon โ making this a key moment for short-term traders.
๐ Watch for strong daily closes
๐ Monitor reactions at $2,800 and $2,950
๐ Stay alert โ ETH is showing serious strength!