Ethereum Bulls Eye $3K Breakout as Single Resistance Barrier Remains

The price of Ethereum has been on a steady rise since August, and analysts say that only one major resistance now stands in its way to break through to $3,000 and beyond.

A major rally began in September and flipped ETH's higher-timeframe structure bullish. Several analysts agree that the decisive break above this resistance could open up new possibilities for a much larger crypto market move.

The current market cap of Ethereum is $2.98 trillion, with a 24-hour spot volume of $24.49 billion. The gas price has reached 0.05 Gwei on September 27th.