Ethereum Price Prediction: Can ETH Hit $3,000 Soon?


Ethereum has made a strong comeback, outperforming Bitcoin in recent sessions. After finding solid support at $2,500, ETH surged past resistance levels at $2,600 and $2,650. It climbed as high as $2,832 and is now consolidating gains. The price is currently holding above $2,750 and the 100-hour Simple Moving Average, supported by a bullish trend line.

Read Coinpedia's Ethereum Price Prediction 2025 - 2030

What’s Driving the Momentum?


The immediate resistance lies at $2,820, followed by $2,850. A clear breakout above $2,880 could drive the price toward $2,920. If the bullish trend continues, ETH could aim for $3,000 or even $3,120 in the near term.

Meanwhile, the number of unique Ethereum addresses has hit an all-time high of 17.4 million. This marks a 70.5% increase since the start of Q2. On June 10 alone, there were 16.4 million active addresses. The Base network has played a major role in this growth, accounting for 72.81% of activity, while Ethereum’s mainnet held 14.8%.

DeFi Leadership and Fee Concerns


Ethereum continues to dominate the DeFi space, holding 61% of the total value locked (TVL) at $66 billion. However, a drop in network fees—down to just $43.3 million in 30 days—is raising concerns. Lower fees, driven by rollups and data optimizations, are reducing staking rewards.

Also Read: Polkadot Price Prediction 2025, 2026 – 2030

Watch for High Volatility

Open interest in ETH futures has now surpassed $40 billion, showing a heavily leveraged market.

  • $2 billion in longs may liquidate if price dips to $2,600

  • $1.8 billion in shorts risk liquidation above $2,900

This balance in liquidity signals potential for sharp moves in either direction. If bulls maintain control, Ethereum could soon test $3,000—setting the stage for the next major price prediction.

Comments

Post a Comment

Popular posts from this blog

Will ETH rally continue past $2,600 support?

Image
Ethereum has been showing some significant movement in recent weeks. Let’s break down the latest trends and  ETH price predictions  in simple points for easy understanding. 1.  Current Price Movement and Key Levels Ethereum is trading around its 50-day Exponential Moving Average (EMA) at  $2,601 . On September 19, ETH broke above a descending trendline, leading to an  11% rally . If the  50-day EMA  holds support, ETH could continue its rally and retest the  August 24 high of $2,820 . However, if the price falls below  $2,601 , it may drop further to  $2,461  and potentially retest the  September 6 low of $2,152 . 2.  RSI Signals: What Does It Say? The  Relative Strength Index (RSI) , currently near  55 , indicates weak bullish momentum. For the rally to gain traction, the RSI needs to rise above  60 , signaling stronger buying power from investors. If RSI remains below 55, the market could continue to see l...
Read more

Can Ethereum reach $2,820 this week?

Image
Ethereum (ETH) has seen a significant rise, gaining over 3% in the past 24 hours. The price jump brings ETH to $2,493, after an intraday low of $2,411.11 and a high of $2,511.43. This surge has occurred despite weekly outflows of $30.69 million from Ethereum ETFs. As of today, Ethereum’s market cap is sitting at $300.34 billion. Meanwhile, whale activity over the weekend has sparked contrasting speculations among investors. Whale Alert data shows large ETH dumps to exchanges, creating uncertainty in the market. Before diving into the Ethereum price forecast, check out  Solana price predictions  to discover what's next for this popular altcoin. Ethereum Retests Critical Resistance Ethereum is retesting a crucial daily resistance level around $2,461. This level is important for several reasons: It lines up with the 50% price retracement level at $2,487. It coincides with the 50-day Exponential Moving Average (EMA) around $2,557. These technical factors combine to create a key re...
Read more

Is Pepe set for a massive breakout?

Image
In less than 24 hours, something big is expected to shake the entire cryptocurrency market, and Pepecoin  could be at the center of this storm. We’re going to break down the key factors driving this potential shift, from interest rate cuts to major players like Bitcoin and Binance. Let’s dive in. 1. FOMC Meeting: The Calm Before the Storm The crypto market seems quiet right now, but it's likely the calm before the storm. The Federal Open Market Committee (FOMC) is about to announce a key decision on interest rates, and this could rock the market. This will be the first possible rate cut since March 2022. Predictions are all over the place. Some think it could be a 25 or 50 basis point cut, while others speculate no change at all. Historically, lower rates drive up asset prices, including Bitcoin, which could mean a rally in altcoins like Pepe. 2. Impact on Pepe and Bitcoin The interest rate decision will have a ripple effect on the broader market, especially on Bitcoin, which tend...
Read more