Ethereum Price Breakout Could Send ETH to $3,000
Ethereum is trading near $2,505 after slipping around 0.34% over the past 24 hours, according to Brave New Coin data.
The immediate technical battle sits between roughly $2,500 and $2,700, with a monthly fair value gap capping price in this region.
Famous crypto analyst Alex Marzell sees the monthly FVG as the 'final gate' before a much larger upside move, suggesting that a strong weekly candle body closing above the zone could significantly improve the market structure and leave relatively little higher-timeframe resistance before ETH begins challenging previous highs.
The first confirmation would therefore come from a sustained move through $2,700. If buyers can establish that region as support, $2,800-$3,000 becomes the next logical area before attention shifts towards considerably larger targets.