Ethereum Bulls Eye $3K Again Amid Bullish Signals and Crucial Resistance

Ethereum has been trading around $2.75K after holding a multi-week consolidation above $2.4K, and 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 broader structure remains constructive, but ETH is facing challenges in breaking through this key resistance. Structural signals are bullish: higher lows from the June low near $1.5K, price above the 100- and 200-day moving averages with a bullish crossover near $2.1K, and both MAs sloping up.

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.