Ethereum (ETH) Prepares to Hit $3,000, Price Spike Takes the Market by Storm!

Jakarta, Pintu News – Ethereum (ETH) recently showed an impressive performance by surging past the $2,650 zone, outperforming Bitcoin (BTC). This rise in Ethereum (ETH) price came after it managed to cross the $2,720 resistance, bringing the crypto asset into the positive zone. The peak price was recorded almost touching $2,800, signaling a strong bullish momentum in the market. Currently, Ethereum (ETH) is stabilizing above the 23.6% Fibonacci retracement level of the last rise from $2,516 to $2,795.

Ethereum (ETH) Price Rise: Technical Analysis

Ethereum (ETH) is now trading above $2,720 and the 100-hourly simple moving average. There is a parabolic curve forming which provides support at $2,750 on the ETH/USD hourly chart. If the price manages to cross the $2,800 resistance, the next resistance is at $2,840. The first major resistance lies at $2,880, and if the price manages to cross, this could push Ethereum (ETH) towards $2,910.

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Potential Barriers and Support

If Ethereum (ETH) fails to break the $2,800 resistance, there is a possibility of a price drop. Initial support lies at $2,750, followed by major support in the $2,720 zone. A drop below this support could push the price towards $2,650 or the 50% Fibonacci retracement level of the last rise. A further drop would probably take the price to $2,550 support in the near term.

Technical Indicators and Short-Term Predictions

The hourly MACD indicator for Ethereum (ETH) shows increased momentum in the bullish zone. Meanwhile, the hourly RSI (Relative Strength Index) is above the 50 zone, signaling higher market strength. The key support level is currently at $2,720, while the key resistance level is $2,800. Short-term predictions suggest that if this bullish trend continues, Ethereum (ETH) could reach $2,980 or even $3,000 in the near future.

Ethereum (ETH) Prospects in the Crypto Market

With significant price increases and favorable technical indicators, Ethereum (ETH) shows great potential to reach the $3,000 value in the near future. Investors and market watchers should monitor the mentioned support and resistance levels to make informed investment decisions. The momentum building up could be an important turning point for Ethereum (ETH) in the crypto market.

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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 Bulls Roar Towards $3K, Why ETH Could Rally Further. Accessed on July 11, 2025