Ethereum Rally Targets $3,000 as Bullish Momentum Accelerates

Ethereum (ETH) has broken above critical resistance levels, driven by strong bullish momentum and positive technical indicators. The standout signal is the 26-day EMA crossing above the 200-day EMA—a classic “golden cross” that confirms a strong uptrend and supports further gains.

ETH recently surged past the $2,500 resistance, climbing sharply to the $2,710 range. Despite minor corrections and profit-taking, bulls have maintained pressure, forming a consistent pattern of higher highs and higher lows. The price has also reclaimed key moving averages, with the 50 and 100-day EMAs now well below the current level, signaling a shift in trend strength.

A notable increase in trading volume accompanied the breakout, reinforcing the bullish sentiment. The RSI has climbed above 70, suggesting overbought conditions, but also indicating continued demand and market excitement. The next major hurdle for ETH is the psychological and technical barrier at $3,000—a level that has previously acted as both resistance and support.

Short-term traders should watch the $2,600–$2,800 range for potential consolidation before the next move. The strong volume profile and EMA alignment support further upside, assuming no major market disruptions.

With momentum building, Ethereum appears well-positioned to retest the $3,000 level and potentially ignite a broader rally later in the year, echoing its previous bull market performance.