Ethereum Price Breaks Bullish Pattern – $3,000 Next Target

A recent evaluation by a cryptocurrency analyst indicates that the price of Ethereum has emerged from a prolonged downtrend, reviving optimism within the market. With increasing volume and key resistance points anticipated to shift into support, Ethereum is poised to finalize its bullish framework, aiming for a possible surge towards $3,000.

Ethereum Aiming for $3,000 Breakout

The recent movements of Ethereum’s price on the 4-hour chart have reportedly turned bullish, following a significant breakout above a longstanding descending trendline that has constrained its trajectory since late 2024. Consequently, a pseudonymous analyst on TradingView known as ‘Orihadad66’ has forecasted that Ethereum could soon witness a rise to $3,000.

Additional Insights

The analyst notes that Ethereum’s transition from bearish to bullish was not a subtle event, as a high-volume candle penetrated both the trendline and the resistance zone of $2,100 – $2,150, thereby confirming a more definitive shift in market dynamics. This breakout is crucial, as it signifies the first instance where Ethereum has negated the broader bearish trend that prevailed in early 2025.

The region around $2,100 – $2,150 now serves as a potential support area for the price, and a successful retest would establish it as a foundational point for further gains. Orihadad66 indicated that the immediate bullish target for Ethereum ranges from $2,500 to $2,550. Historically, this area has acted as a key liquidity zone where previous price rejections commonly occurred. Thus, it serves as a prospective profit-taking point as ETH consolidates after the breakout.

Technical projections indicate that Ethereum may temporarily retreat to the $2,350 – $2,400 range to create a potential higher low. If this pullback is maintained, bullish forces could push toward the next peak of $2,800 – $3,000 — an area marked by both a supply barrier and psychological resistance.

Moreover, the TradingView analyst foresees that a decisive break beyond $3,000 could lead to the $3,300 – $3,600 supply block, potentially initiating a more extensive bullish trend reversal. With Ethereum currently priced at $2,544, a rise to $3,000 or even $3,600 would represent increases of 17.9% and 41.5%, respectively.

Bullish Outlook at Risk If Falling Below $2,100

While Orihadad66’s analysis underscores Ethereum’s nearly complete bullish formation and breakout potential, the framework also comes with a definitive invalidation level. The TradingView analyst cautions that if a 4-hour candle closes below the $2,100 support region or the price dips underneath the reclaimed descending trendline, it would indicate weakness, possibly invalidating the bullish perspective.

Further Insights

Such an occurrence would imply that the recent breakout might have been a false signal, potentially a liquidity grab leading to greater selling pressure. The analyst recommends monitoring the price activity around the $2,100 mark. Until this invalidation threshold is reached, the predicted breakout, retest, and continuation scenario remains the prevailing strategy.

Featured image from a stock source, chart from TradingView