Altcoins News
By James Thorp
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Key Resistance Levels in Focus. Ethereum is currently trading near $2,980, after reclaiming important technical levels.
2 / 15
Technical Structure Turns Bullish. Ethereum’s recent rally follows weeks of base formation near $2,500, where the price consolidated…
3 / 15
On-Chain Data Supports Bullish Bias. On-chain metrics further strengthen the bullish outlook.
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Market Sentiment and Structure Improve. Market sentiment has shifted in Ethereum’s favor over the past week.
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Ethereum Price Forecast: Levels to Watch
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Final Thoughts. Ethereum's test of the $3,000 level is a critical moment in the ongoing recovery.
7 / 15
Ethereum is once again gaining momentum, with the price testing the key $3,000 level following a strong weekly rally.
8 / 15
The move marks Ethereum's most notable upward momentum since early April. This week’s surge comes after a clear breakout above the $2,710–$2,745 resistance zone, which had kept…
9 / 15
Ethereum is currently trading near $2,980, after reclaiming important technical levels. The next major resistance lies at $3,080, which aligns with the 61.
10 / 15
However, traders should be cautious. Recent price action shows repeated rejections near the $3,000 level, suggesting some profit-taking.
11 / 15
Ethereum's price structure is also approaching the upper boundary of a symmetrical triangle that has formed since early 2022.
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Immediate support now lies at $2,945, followed by $2,865. If momentum fails and ETH is rejected at resistance, support at $2,710 and $2,530 could be retested.
13 / 15
On-chain metrics further strengthen the bullish outlook. According to CryptoQuant, Ethereum deposit activity has declined, with deposit wallet counts dropping to 23,000 from…
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This suggests that many Ethereum holders are not looking to sell at current levels, reducing the likelihood of a major correction.
15 / 15
Market sentiment has shifted in Ethereum’s favor over the past week. The price increase comes amid renewed interest in altcoins and growing optimism about Ethereum’s role in…
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