ETH Price Predictions: Breakout to $3,000 or Plunge to $2,000?

Ethereum (ETH) has been trading around $2,500 in recent days, with some analysts predicting a breakout above this level and a surge to much higher ground.

Analyst Ted believes ETH is moving towards the $2,550 resistance zone again, anticipating a pump to $3,000 once it initiates a strong weekly close above that zone.

Another analyst, Michael van de Poppe, suggests that if Ethereum tests the $2,520 area and starts to break upwards, it could climb all the way to $3,000.

However, X user Void claims ETH has formed an inverted head-and-shoulders pattern on the daily chart, anticipating a short-term correction to around $2K, followed by a major rally above $4,000 in the coming months.