Ethereum Eyes $3K Breakout as Bullish Momentum Builds

Ethereum (ETH) is showing strong signs of an impending breakout, with the $3,000 level within reach. Currently trading around $2,750, ETH has surged past a key resistance zone after breaking out of a tight consolidation channel that persisted through most of May. This upward move marks a notable shift in sentiment and technical structure.

Ethereum’s price is now supported by the 50, 100, and 200-day exponential moving averages (EMAs), all of which lie below the current price, reinforcing the bullish case. The altcoin recently reclaimed the critical $2,600 level and quickly moved above $2,750, a move backed by rising trading volume and renewed buyer interest.

The Relative Strength Index (RSI) sits above 60, signaling bullish momentum while remaining below the overbought threshold. This suggests that the current rally still has room to run. Market participants are increasingly optimistic, and sentiment-driven resistance around $3,000 is the final psychological hurdle. With no major technical barriers above current levels, a catalyst such as favorable ETF news or Ethereum network upgrades could trigger a breakout.

If ETH maintains support between $2,600 and $2,650, a gradual rise toward the $2,900–$3,000 range appears likely. On the downside, a pullback could see ETH testing the 200-day EMA around $2,473, but the chances of a deep correction seem limited given Ethereum’s solid technical base.

Ethereum's current trend reflects increasing bullish strength and investor confidence. A sustained push from current levels may well position ETH for a decisive move past $3,000 in the near term, drawing renewed attention from traders and institutions alike.