As a result, a pseudonymous TradingView crypto analyst identified as Orihadad66’ has predicted that 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 The analyst explains that Ethereum’s recent shift from bearish to bullish wasn’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.
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 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.
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 action on the 4-hour chart has reportedly flipped bullish, following a sharp breakout above a long-standing descending trendline that capped its movements since late 2024.
The story "Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next" has 476 words across 65 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next" was covered 15 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 10 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
