Ethereum Eyes $3,000 as Breakout Momentum Builds

Ethereum (ETH) is showing strong signs of a technical breakout, with traders pointing to a potential surge toward the $3,000 level after clearing key resistance around $2,800.

As of press time, ETH is trading around $2,726 with a 3.13% daily gain and a market cap of $329 billion, according to CoinMarketCap. Momentum appears to be building, fueled by consistent spot premium and growing investor confidence.

Daan Crypto Trades noted that ETH’s spot premium remains “solid” despite lower ETF inflows compared to Bitcoin. “Relative to its market cap, it doesn’t need nearly as much to keep the move going,” he explained, adding that $2,800 remains a key resistance level.

Technical analysts across X are increasingly bullish. Ash Crypto declared, “ETHEREUM IS BREAKING OUT”, citing a breakout from a multi-week ascending triangle and targeting $3,000 as the next key level.

Merlijn The Trader echoed the sentiment, posting a chart with a clear bullish breakout pattern, captioned, “Breakout Incoming.”

While the price has not yet cleared the $2,800 zone decisively, traders are closely watching volume and follow-through strength for confirmation. If sustained, a break above this level could signal a resumption of Ethereum’s broader uptrend.

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With macro conditions favorable and institutional appetite still present, ETH appears poised for a potential breakout—setting its sights on reclaiming the psychological $3,000 mark in the near term.

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