TLDR
- ETH rebounds from $2,700–$2,800 support, pushing back above the critical $3,000 level.
- Descending trendline pressure is easing, raising the odds of a medium-term trend shift.
- Sustained strength above $3,200 could open upside toward $3,300 and beyond.
- Failure to hold $2,950–$3,000 may trigger another retest of lower demand zones.
Ethereum (ETH) price is showing renewed strength as multiple technical signals converge across short- and medium-term charts. Analysts are closely watching whether ETH can sustain its move above the $3,000 level, a zone that may determine the next directional phase. Based on current structures, upside targets between $3,200 and $3,300 are emerging, while downside risks remain clearly defined.
Ethereum Price Tests Upper Range After Support Bounce
According to analyst Ted, ETH price chart continues to reflect a prolonged consolidation structure that has guided its action since mid-2025. Ethereum price has repeatedly respected the $2,700–$2,800 zone as a strong support band, while upside progress has been capped by resistance near $3,300 and $3,700. The recent rebound from support and push above $3,000 suggests buyers are regaining short-term control.
SOURCE: X
Additionally, trading activity increased during the bounce, signaling renewed interest, though it remains below levels seen during earlier rallies. This suggests cautious participation rather than aggressive breakout conviction. Ted noted that a daily close above $3,000 would improve sentiment and increase the probability of a move toward $3,300.
However, the range remains unresolved. Failure to hold above $3,000 could send Ethereum price back toward the lower support band for another retest. As long as the $2,700–$2,800 zone holds, the broader structure maintains a neutral-to-bullish bias, consistent with range-bound behavior during periods of elevated Bitcoin dominance.
Descending Trendline Breakout Signals Trend Shift Risk
Meanwhile, analyst Captain Faibik focused on the 8-hour ETH against USD chart, which highlights a long-standing descending trendline originating from highs above $4,000. This trendline has constrained price for months, producing repeated rejections and reinforcing bearish pressure. Recent compression near the lower boundary around $2,800 indicates weakening sell momentum.
Notably, Ethereum price has begun forming higher lows beneath the trendline, often an early sign of trend exhaustion. Volume metrics also point to declining sell pressure, suggesting that distribution may be giving way to accumulation. The analyst suggests that this setup frequently precedes multi-month reversals in Ethereum, particularly when macro or network catalysts are present.
A decisive break above the trendline would mark a structural shift. Sustained strength above $3,200 is viewed as confirmation, opening a measured move target near $4,220 based on channel projections. Conversely, a breakdown below $2,600 would invalidate the setup and imply further consolidation rather than trend reversal.
Momentum Builds Toward $3,300 Zone
In addition, analyst Crypto Tony highlighted short-term dynamics on the 3-hour chart. The structure indicates a corrective wave pattern that may have completed near the $2,900 level. The subsequent impulsive rebound reclaimed nearby support zones and pushed the price toward the $3,060 resistance zone.
Moreover, volume spiked during the reversal, confirming active buyer participation. However, momentum tapered near resistance, indicating hesitation ahead of the next move. Tony identified $3,060 as a key level, noting that a clean reclaim would likely drive Ethereum price toward $3,200–$3,300 to fill nearby inefficiencies.
Importantly, support is now concentrated near $2,950, which must hold to preserve bullish momentum. As long as ETH remains above this level, short-term continuation remains favored.
