Fun

Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next

News Feed - 2025-05-13 01:05:23

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


According to a fresh analysis by a crypto analyst,  the Ethereum price has broken out of a months-long downtrend, reigniting bullish sentimentacross the market. 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 actionon the 4-hour chart has reportedly flipped bullish, following a sharp breakout above a long-standing descending trendlinethat capped its movements since late 2024. As a result, a pseudonymous TradingView crypto analyst identified as ‘Orihadad66’ has predictedthat 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 1 day ago


The analyst explains that Ethereum’s recent shift from bearish to bullishwasn’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. This breakout is significant, as it marks the first time Ethereum has invalidated the broader bearish pattern that dominated the early part of 2025. 


The $2,100 – $2,150 area now acts as a potential support zonefor its price, and a successful retest would solidify it as a launchpad for further upside. Orihadad66 has confirmed that the immediate bullish target for Ethereumlies between the $2,500 – $2,550 price range. Historically, this region has been a key liquidity zone where previous price rejections frequently occurred. This makes the zone a potential profit-taking area as ETH consolidatespost-breakout.  Source: Orihadad66 on Tradingview


Technical projections suggest that Ethereum may briefly pull back toward the $2,350 – $2,400 range to form a potential higher low. If this pullback holds, bulls could drive the next leg uptoward $2,800 – $3,000 — a confluence zone that includes both a supply barrier and psychological resistance.


Furthermore, the TradingView analyst has predicted that a clean break above $3,000 could open the door to the $3,300 – $3,600 supply block, potentially triggering a larger bullish trend reversal. With Ethereum currently trading at $2,544, a surge to $3,000 or even $3,600 would represent a 17.9% and 41.5% increase, respectively.  Bullish Thesis At Risk Below $2,100


While the analysis published by Orihadad66 has highlighted Ethereum’s almost completed bullish structureand potential breakout target, the setup also comes with a clear invalidation level. 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 1 week ago


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. The analyst has suggested that traders should monitor price action around the $2,100 level. Until this invalidation point is reached, the analyst’s projected breakout, retest, and continuation scenario remains the dominant roadmap. ETH trading at $2,562 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

News Feed

Prashant Jha12 hours agoSouth Korean Bitcoin lender Delio plans to sue regulators: ReportSouth Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year.2560 Tota
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citin
BitSpinCasino Launch In Full Swing
BitSpinCasino Launch In Full Swing Deposit 1 bitcoin, and get more than 2 bitcoin to play with on BitSpinCasino with a limited-time 130% welcome offer. Limited-time Welcome Offer o
Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition
Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate inv
BlackRock's IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows
Brayden Lindrea3 hours agoBlackRock"s IBIT draws $260M as Bitcoin ETFs notch 8th day of inflowsUnited States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more
TimeCoin’s Special Token Sale
TimeCoin"s Special Token Sale press release PRESS RELEASE. The Special Token Saleof TimeCoin (TMCN) will be launched on February 15th with a 93% discount on the t
Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results
Popular Browsers Like Google Fail to Catch Copycat Crypto Sites, Scams Make the Top Results As the digital asset economy grows popular and a number of crypto com
China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’
China"s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says "Don’t Panic" The People’s Bank of China (PBOC), the country’s central ba
Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation
Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted t
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO Microstrategy (MSTR) has “outperformed every asset class and big tec
CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round
CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round9th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes Non-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week