Asiftahsin
vip

Here’s What Can Send ETH Above $3K: Ethereum Price Analysis :


Ethereum has extended its bullish rally, rising sharply toward a critical multi-timeframe resistance zone. The asset is showing strong momentum, but it’s now approaching a confluence of technical barriers that could either trigger a continuation breakout or a healthy retracement.
ETH has pushed through multiple resistance zones and is now testing the $2.6K—$2.7K region. It aligns with the 200-day moving average and the lower boundary of the long-term channel, which was broken to the downside weeks ago.
The RSI is also now in overbought territory, printing above 75, hinting at potential exhaustion. A daily close above $2.7K would confirm a bullish breakout and open the door to $3K+, while rejection from this level could pull ETH back toward the $2.2K support level.
The 4-hour chart shows a textbook breakout from a descending channel followed by strong bullish follow-through. The asset is consolidating just above the $2.6K zone after a vertical leg higher.
There’s still room to stretch toward the $2.8K area, but the current sideways price action combined with a declining RSI suggests cooling momentum. A break below $2.6K could trigger a short-term correction toward $2.1K before the next leg.
Funding rates across all major exchanges remain slightly positive, reflecting bullish market sentiment. However, they are not yet at extreme levels, indicating the rally may still have fuel left. Ethereum’s open interest has also climbed significantly alongside the price, suggesting new positions are entering the market rather than closing out shorts, typically a sign of genuine momentum.
That said, traders should remain cautious. The elevated RSI on the daily chart and crowded positioning shown by the rise in funding rates could set the stage for a short-term flush if ETH gets rejected at key resistance. Historically, such sentiment surges have been followed by local tops or consolidation phases.
Monitoring funding spikes and open interest behavior over the next 24–48 hours will be critical to gauge whether this rally can extend further or if a pullback is on the horizon.
#ETH#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 5
  • Share
Comment
0/400
Rrr27377vip
· 05-15 13:52
hey Asif bro good evening, ✨✨ iam watching very closely 👀👀.God bless everyone in the stream 🌜❤️🌜❤️🌜❤️🤲🤲🤲
Reply0
Rerdogduvip
· 05-15 06:35
Watching Closely 🔍
Reply0
GateUser-2391f1fdvip
· 05-15 05:30
buy out-receive another bottom as a gift🎁
Reply0
TransplantingRiceSeedlvip
· 05-15 00:58
#BTC# Bitcoin and bees, working together to build a bright and sustainable future. The best performance of the digital hive. BTC#ETH SOL XRP BNB. SOL DOGE PI buy buy buy keep buying, low market capitalization coins have many opportunities, may turn into $9999 in a few days, there will always be a day that makes you smile. Lying flat and wanting to do whatever you want, my life is up to me. Not controlled by heaven. Waiting is the best harvest for yourself, persistence is still necessary, turning time into space will let you lie flat and freely buy buy buy. The whale is here, pump $9999 BEES.
Reply0
Ryakpandavip
· 05-14 15:40
Firm HODL💎
Reply0