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.
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