If Ethereum can maintain its current momentum and break past the resistance levels of $2,650, $2,720, and $2,840, it could trigger a rally towards $3,000 or even higher. Some market analysts suggest that if the bullish trend continues and external conditions remain favorable, Ethereum could eventually revisit its previous all-time high of $4,721, recorded in November 2021.
However, it is important to be cautious. Cryptocurrencies are known for their volatility, and price pullbacks can happen even during strong uptrends. Traders and investors will be watching key support levels, especially $2,450 and $2,320, to see if Ethereum can maintain its gains in case of a short-term correction.
Several upcoming factors could influence Ethereum’s direction in the coming weeks:
Further regulatory updates, especially in the U.S. and Europe
Adoption of Ethereum-based applications, especially in finance and gaming
Overall market trend, particularly movements in Bitcoin and major altcoins
Ethereum is currently in a strong bullish phase, supported by both technical indicators and fundamental developments. The successful network upgrade, increased whale accumulation, favorable on-chain data, and rising investor interest are all pointing to a potential breakout above key resistance levels.
While Ethereum’s short-term path may include some volatility, the medium- to long-term outlook remains positive, especially if it can maintain upward momentum and break past resistance zones. Continued monitoring of price action, support levels, and broader market sentiment will be crucial in determining whether Ethereum is ready for a new phase of growth or due for a period of consolidation.
With positive momentum building and important support from technical and market data, Ethereum’s potential to break past resistance and move toward higher price levels remains strong. The coming days and weeks will be crucial in shaping the next chapter of Ethereum’s market performance.