Ethereum (ETH) Breaks $3,000: Bullish Signals from the Crypto Market!

Jakarta, Pintu News – Ethereum recently reached its highest price since late January, breaking through the $3,000 level and showing strong momentum. This rise comes at a time when Bitcoin continues to set new record highs, bringing renewed optimism to the crypto market as a whole.

This week, which coincides with “Crypto Week” in the US Congress, is expected to be an important turning point with debates and possible votes on legislation that will shape the future of digital assets.

Market Optimism: Ethereum (ETH) Leads the Rise

Ethereum (ETH) not only managed to break through a critical price ceiling, but also demonstrated solid fundamental strength. Leading analyst, Ted Pillows, revealed that the percentage of locked-in Ethereum (ETH) supply has reached a new high of 29.44%.

This signals that large investors and savvy players in the market have long-term faith in Ethereum (ETH), choosing to lock in their assets in staking rather than selling them when prices are high. This rise in price and staking activity indicates a change in sentiment where Ethereum (ETH) is again becoming a core asset in institutional and retail portfolios.

With macro and regulatory catalysts coinciding this week, Ethereum (ETH) may be on the verge of a major breakthrough, especially if legislative clarity and Bitcoin (BTC) momentum continue to drive capital into high conviction assets like Ethereum (ETH).

Also Read: Analyst’s Shocking Prediction! Solana (SOL) Has the Potential to Rise 100% to $331, When?

Ethereum (ETH) Rise and Altcoin Resurgence

After a consolidation phase that lasted several months, Ethereum (ETH) finally managed to break the $3,000 mark, establishing a new bullish structure and marking the beginning of a potential macro uptrend. This latest price action has improved sentiment across the market, with many altcoins starting to follow Ethereum’s (ETH) lead. With strong fundamentals, Ethereum (ETH) remains one of the strongest assets in this space.

Now, all eyes are on the key resistance zone between $3,500 and $3,600. If Ethereum (ETH) manages to break through this area with conviction, it could trigger a wider breakout in the altcoin market. Many traders are watching this level as a catalyst for an explosive altcoin rally, driven by increased capital rotation and technical momentum. A decisive break above resistance could validate a new bullish structure and mark the beginning of the next major expansion phase for ETH and the altcoin market as a whole.

Ethereum (ETH) Reclaims $3,000 with Bullish Breakout

On the 3-day chart, Ethereum (ETH) is showing strong bullish momentum, now trading at $3,071 after successfully breaking the $2,850 resistance level. This breakout confirms the change in trend structure after months of accumulation between $2,200 and $2,800. This latest surge has pushed ETH to its highest level since late January and paves the way for a potential push towards the next major resistance at $3,500-$3,600.

The chart also shows a bullish crossover as ETH trades above its 50-day, 100-day, and 200-day simple moving averages (SMAs), which are now at $2,241, $2,658, and $2,801, respectively. This alignment indicates increased buyer control and reinforces the strength of the uptrend. Notably, the breakout was supported by a surge in volume, adding more conviction to the move.

Conclusion

With momentum continuing, Ethereum (ETH) has formed a higher high on the macro time frame, signaling the potential start of a broader trend reversal. If Ethereum (ETH) can hold above $2,850 and maintain upward pressure, the next move could be quick, especially as Bitcoin (BTC) reaches new record highs and crypto legislation developments unfold during “Crypto Week” in the US Congress.

Also Read: Can XRP Reach $4 If Bitcoin Rises to $130,000?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Supply Locked Hits New ATH, Smart Money Bets on Long-Term Growth. Accessed on July 16, 2025