Ethereum Price Analysis: ETH Bulls Eye $3K Again – Can They Finally Break Through?

Ethereum is trading around $2.75K after holding a multi-week consolidation above $2.4K. The broader structure remains constructive, but ETH is now pressing into an important resistance area where the reaction could determine whether the current advance extends toward the next major supply zone. The daily chart shows a clear structural improvement from the June low near $1.5K. ETH has formed a sequence of higher lows along an ascending trendline, while the price has moved decisively above both the 100-day and 200-day moving averages. The 100-day and 200-day averages have now printed a bullish crossover around the $2.1K area, and both sit well below the current market price, sloping upward, which indicates a clear bullish shift in market structure after months of correction. After reclaiming the $2.4K region, ETH accelerated toward the $2.8K resistance zone. The asset is currently trading inside this marked resistance area, with the latest candles showing relatively tight consolidation rather than a decisive breakout. A daily close above this region would bring the next major resistance zone, a bearish order block around $3K, into focus. Conversely, a rejection from the current area could send ETH back toward the $2.4K support zone, which has become an important near-term structural level. The ascending trendline remains another key reference. It currently intersects with the mentioned support zone around $2.4K and has been respected during the recovery. As long as the sequence of higher lows remains intact, the larger recovery structure remains preserved. The 4-hour chart provides a more immediate view of the current setup. ETH made a strong impulsive move from roughly $2.4K toward $2.8K before entering a sideways consolidation. The market has repeatedly held above the $2.6K area and created several short-term lows above this level, while gradually pressing toward the upper boundary of the range. The main resistance remains around $2.8K. ETH has tested this area several times, and the latest candles are again approaching the upper boundary. A clean break and hold above this zone would strengthen the continuation structure and expose the $3K area visible on the daily chart. On the downside, the first significant support is around $2.4K-$2.5K, marked by the bullish order block. This area is particularly important because it was the base for the latest impulsive advance. A deeper correction could bring the $2.2K zone into play, followed by the deeper $1.85K-$1.9K support region. The 4-hour RSI is also recovering and is currently around the low-60s. Momentum therefore favors the upside, but the indicator is not yet at an extreme reading, which points out that there is potentially further upside for ETH to explore in the short term.

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