Ethereum Quietly Builds Momentum Towards $3,000
Ethereum has been quietly building momentum since one significant candle in August changed its trajectory. The price has been steadily increasing, and the $3,000 level is no longer a fantasy number.
The current structure is a textbook range, with $2,400 as the floor and $2,600 as the ceiling. Ethereum has been locked between these two levels for four weeks, with neither side breaking. This consolidation suggests that sellers who wanted to exit at $2,400 have been getting filled, rather than topping out.
The measured move math is clean, with a clear path to $3,000. A daily close above $2,600 would project $2,800, and the next horizontal level on the chart is indeed $3,000. This level has acted as resistance throughout the first half of the year.