Ethereum Eyes $3,000 as Momentum Builds

Ethereum has broken through key resistance near $2,661, a level identified by Reuters technical analysis as the peak of a bullish continuation formation.

This breakout is now drawing attention to the $3,000 threshold, with analysts suggesting the price could approach $3,050 if current momentum is sustained.

The move above $2,661 signals a shift in sentiment, but experts caution that Ethereum faces another challenge in the $2,775 to $2,825 range, which may act as a short-term consolidation region slowing further gains.

Coinpaper noted that ETH recently overcame the $2,500, $2,550 region that had persistently limited previous rallies. Passing that hurdle was considered essential to reopening the path toward higher targets, including the $2,800 and $3,000 benchmarks.