Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103733
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.27%
Bitcoin Share
Crypto Potato 2025-06-03 12:48:02

Ethereum Price Analysis: Can ETH Finally Overcome the $3K Threshold?

Ethereum Price Analysis: Can ETH Finally Overcome the $3K Threshold?

Ethereum continues to trade within a tight range after a strong rally in May, facing resistance near the $2,800 mark. Despite holding its recent gains, the price has struggled to break higher, leaving traders cautious amid mixed signals. As both momentum and positioning build, the market seems primed for a decisive move. Technical Analysis By ShayanMarkets The Daily Chart On the daily chart, ETH remains capped below the $2,800 resistance zone, which aligns with the 200-day moving average. Despite repeated attempts, price has failed to break and hold above this area, forming a potential local top. The RSI is also hovering near 62, showing a loss of bullish momentum compared to earlier in the rally, and potentially a bearish divergence. The current market structure resembles an ascending channel or potential distribution range. A clean break above $2,850 could open the way toward the $3,000–$3,200 region, which aligns with the Fibonacci golden zone, while a breakdown below $2,400 may shift momentum back in favor of sellers and target $2,100. The 4-Hour Chart On the 4-hour chart, the price action is forming an ascending channel, often a bearish signal, especially near key resistance. The market recently bounced from the lower boundary near $2,500, retesting mid-range liquidity. However, upward follow-through has been weak. Moreover, the RSI is trending sideways just above 50, suggesting indecision. This consolidation comes after a clear imbalance (FVG) from the May breakout, which has yet to be revisited. If the asset breaks down from this channel, a sweep of that fair value gap area around the $2,200 mark becomes likely. On the other hand, a push above the recent highs with volume could invalidate the bearish pattern and trigger continuation. Sentiment Analysis Ethereum’s open interest is flashing a warning sign. While the price has remained relatively flat and range-bound over the past week, open interest has continued to rise aggressively, now surpassing previous highs when ETH was trading above $3,000. This divergence indicates growing leverage and speculation at lower price levels, without the confirmation of a strong price rally. Historically, such imbalances between open interest and price tend to lead to sharp volatility, either via a short squeeze or a long liquidation cascade. The market is coiled, and this crowded positioning could act as fuel for a large move once a direction is chosen. The post Ethereum Price Analysis: Can ETH Finally Overcome the $3K Threshold? appeared first on CryptoPotato .

Most Read News

Moralis Money
Market Cap
24h Vol
63.27%
Bitcoin Share
109
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.