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According to a fresh analysis by a crypto analyst, the Ethereum price has broken out of a months-long downtrend, reigniting bullish sentimentacross the market. With volume rising and key resistance levels expected to turn into support, Ethereum is set to complete its bullish structure, aiming for a potential break toward $3,000. Ethereum Price Targets $3,000 Breakout
The Ethereum price actionon the 4-hour chart has reportedly flipped bullish, following a sharp breakout above a long-standing descending trendlinethat capped its movements since late 2024. As a result, a pseudonymous TradingView crypto analyst identified as ‘Orihadad66’ has predictedthat Ethereum could soon see a surge to $3,000. Related Reading Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target 1 day ago
The analyst explains that Ethereum’s recent shift from bearish to bullishwasn’t a subtle move, as a high-volume candle had pierced through both the trendline and the $2,100 – $2,150 resistance zone, confirming a clearer shift in market structure. This breakout is significant, as it marks the first time Ethereum has invalidated the broader bearish pattern that dominated the early part of 2025.
The $2,100 – $2,150 area now acts as a potential support zonefor its price, and a successful retest would solidify it as a launchpad for further upside. Orihadad66 has confirmed that the immediate bullish target for Ethereumlies between the $2,500 – $2,550 price range. Historically, this region has been a key liquidity zone where previous price rejections frequently occurred. This makes the zone a potential profit-taking area as ETH consolidatespost-breakout. Source: Orihadad66 on Tradingview
Technical projections suggest that Ethereum may briefly pull back toward the $2,350 – $2,400 range to form a potential higher low. If this pullback holds, bulls could drive the next leg uptoward $2,800 – $3,000 — a confluence zone that includes both a supply barrier and psychological resistance.
Furthermore, the TradingView analyst has predicted that a clean break above $3,000 could open the door to the $3,300 – $3,600 supply block, potentially triggering a larger bullish trend reversal. With Ethereum currently trading at $2,544, a surge to $3,000 or even $3,600 would represent a 17.9% and 41.5% increase, respectively. Bullish Thesis At Risk Below $2,100
While the analysis published by Orihadad66 has highlighted Ethereum’s almost completed bullish structureand potential breakout target, the setup also comes with a clear invalidation level. The TradingView analyst has warned that a 4-hour candle close below the $2,100 support zone or a breakdown beneath the reclaimed descending trendline would signal weakness, potentially nullifying the bullish thesis. Related Reading Ethereum Macro Trend Oscillator Shows Green Might Be On The Horizon 1 week ago
Such a move would suggest that the recent breakout was a false one, possibly a liquidity grab that could open the door to increased selling pressure. The analyst has suggested that traders should monitor price action around the $2,100 level. Until this invalidation point is reached, the analyst’s projected breakout, retest, and continuation scenario remains the dominant roadmap. ETH trading at $2,562 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com