Summary
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Ethereum’s price has broken out of a months-long downtrend, signaling a shift to bullish sentiment, with analysts eyeing a potential surge towards the $3,000 mark following a high-volume breach of key resistance.
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A TradingView analyst, ‘Orihadad66’, suggests that after breaking the 2,100-2,150 resistances (now potential support), Ethereum targets 2,5002,550, with a possible pullback to 2,350-2,400 before a larger move to 2,800-3,000, and potentially 3,300-3,600 if $3,000 is decisively surpassed.
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The bullish outlook remains contingent on Ethereum holding above the $2,100 support level; a 4-hour candle close below this, or a break back beneath the reclaimed trendline, would invalidate the bullish thesis and could lead to increased selling pressure.
A recent technical analysis by a cryptocurrency analyst indicates that Ethereum’s price has successfully broken free from a protracted downtrend that persisted for several months, thereby re-energizing positive sentiment throughout the market.
Renewed Bullish Momentum Following Downtrend Breach
With trading volume on the rise and critical resistance levels anticipated to transform into support, Ethereum is poised to solidify its bullish market structure, with sights set on a potential surge towards the $3,000 mark.
Analyst Predicts Upswing to $3,000
The price action for Ethereum on the 4-hour chart has reportedly shifted to a bullish stance following a decisive breakout above a significant descending trendline that had constrained its upward movements since late 2024.
Consequently, a pseudonymous TradingView crypto analyst known as ‘Orihadad66’ has forecast that Ethereum could soon experience a rally towards $3,000.
The analyst elaborates that Ethereum’s recent transition from a bearish to a bullish outlook was not a minor development.
A high-volume trading candle decisively breached both the aforementioned trendline and the critical resistance zone between $2,100 and $2,150, confirming a distinct alteration in the market’s underlying structure.
This breakout holds considerable importance, as it signifies the first instance of Ethereum negating the broader bearish pattern that characterized its performance in the early months of 2025.
The price range of $2,100 – $2,150 is now viewed as a potential support foundation.
A successful retest of this area would cement its role as a springboard for further price appreciation.
Orihadad66 has confirmed that the immediate bullish target for Ethereum is situated within the $2,500 – $2,550 range.
Historically, this zone has served as a key area of liquidity where previous price advances have often met resistance, making it a likely point for profit-taking as ETH consolidates following the breakout.
Technical Projections and Potential Trajectory
According to technical projections, Ethereum might experience a brief pullback towards the $2,350 – $2,400 area, potentially forming a higher low.
If this retracement holds and finds support, bullish market participants could then drive the price upwards in the next leg, targeting the $2,800 – $3,000 range.
This zone represents a confluence of factors, including a supply barrier and a psychological resistance level.
Furthermore, the TradingView analyst anticipates that a clear and sustained break above the $3,000 level could pave the way for an advance towards the $3,300 – $3,600 supply block.
Such a move could potentially trigger a more substantial reversal of the preceding bearish trend.
With Ethereum currently trading at $2,544, an ascent to $3,000 or $3,600 would equate to gains of 17.9% and 41.5%, respectively.
Critical Support Level for Maintaining Bullish Outlook
While the analysis published by Orihadad66 underscores Ethereum’s nearly complete bullish structure and its potential breakout targets, the proposed scenario also identifies a clear invalidation point.
The TradingView analyst has cautioned that a 4-hour candle closing below the $2,100 support zone, or a breakdown beneath the reclaimed descending trendline, would indicate underlying weakness and could potentially negate the bullish thesis.
Such a development would imply that the recent breakout was a “false” move, possibly a maneuver to capture liquidity that could subsequently lead to increased selling pressure.
The analyst advises traders to closely monitor price behavior around the $2,100 level.
Until this invalidation point is breached, the analyst’s projected sequence of breakout, retest, and continuation remains the prevailing market roadmap.
Also Read: Pectra Upgrade Boosts Ethereum’s Market Valuation Above Coca-Cola and Alibaba
*Disclaimer*: We at Bitcoinleef.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
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