Ethereum Price Breaks Out of Reversal Phase, Heads Towards $3,400
According to analytics on CoinMarketCap, Ethereum's price has broken out of its reversal phase and is now setting course for the $3,400 liquidity area. The current price of ETH is trading at around $2,480, up by approximately 1% in a single day. Experts believe that this breakout marks a shift towards a bullish trend, with many expecting the price to move towards even higher price ranges.
The price of ETH has experienced significant growth over the past week, rising by over 31%. This surge has brought the price of ETH to its highest weekly close since May 2025. Ethereum is currently testing its Weekly MA 200, a key indicator for trend reversal.
Two possible scenarios are expected to play out from here: either the price will hold above the Weekly MA 200, opening up a path towards the $2,800 - $3,400 price range, or it will be rejected from this level and retest the $1,900 price range followed by major support near $1,500.