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

CryptoQuant CEO Warns Not To Short XRP Due To Insider Whale Activity
Este artículo también está disponible en español. XRP has experienced an extraordinary surge in recent weeks, with its price skyrocketing by 380% over the past 23 days. I
Fantom seeks Multichain liquidation in attempt to recover $122M from exploit
Jesse Coghlan6 hours agoFantom seeks Multichain liquidation in attempt to recover $122M from exploitFantom plans to petition a Singapore court to wind up the Multichain Foundation to recover millions it lost due to the M
Do Kwon to be extradited to US following last-ditch effort in Montenegrin court: Report
Turner Wright6 hours agoDo Kwon to be extradited to US following last-ditch effort in Montenegrin court: ReportThe High Court of Podgorica in Montenegro reportedly rejected a request to extradite Terraform Labs co-founde
European Blockchain Ecosystem Needs €350 Million for the Next 18 Months
European Blockchain Ecosystem Needs €350 Million for the Next 18 MonthsA study report by Leadblock Partners, an appointed representative of Sapia Partners LLP, finds an accelerati
Bitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attempt
Tom Mitchelhill4 hours agoBitfarms forced to stop ‘poison pill’ strategy amid Riot takeover attemptThe Ontario Capital Markets Tribunal terminated Bitfarm’s attempt to “poison pill” Riot Farm’s takeover attem
CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency
CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency A South Korean court has sentenced the former CEO of the defunct crypto
FBI Launches ‘Virtual Asset Exploitation Unit’ With Specialized Team of Crypto Experts
FBI Launches "Virtual Asset Exploitation Unit" With Specialized Team of Crypto Experts The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitati
China to Add Cryptocurrency Mining to ‘Negative List for Market Access’ Making the Industry Off-Limits to Investors
China to Add Cryptocurrency Mining to "Negative List for Market Access" Making the Industry Off-Limits to Investors China has proposed adding cryptocurrency mining to the country&#
Rakesh Upadhyay6 hours agoPrice analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATICBitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflati
XRP Poised For A $9 Breakout? Analyst Highlights Strong Signals
Este artículo también está disponible en español. Although the cryptocurrency sector is notoriously unstable, several analysts see hopeful signs for XRP. The Great Mattsb
Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving
Bitcoin Network Sees a Massive Mining Pool Shift Following the HalvingFollowing the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution
Cardano Spikes as Supporters Anticipate Vasil Hard Fork, Poll Shows ADA Expected to Hit $1 by the End of June
Cardano Spikes as Supporters Anticipate Vasil Hard Fork, Poll Shows ADA Expected to Hit $1 by the End of June During the last seven days, the cryptocurrency cardano has increased i