Ethereum Hits Resistance Wall—Can Bulls Still Push ETH to $3K?

Ethereum’s rally just smacked into a brutal rejection at a key resistance level. Traders are now questioning whether ETH has enough gas left in the tank for that coveted $3,000 price target.

The rejection comes as no surprise to veteran crypto watchers—after all, the market loves nothing more than crushing retail dreams at critical psychological levels. But beneath the short-term pain lies an intriguing technical battleground.

Will Ethereum’s developers deliver enough network upgrades to justify the hype? Or will this become another ’buy the rumor, sell the news’ event for institutional traders to exploit? One thing’s certain: the crypto casino never sleeps.

Ethereum has been displaying massive strength and outperforming most of the cryptos, including Bitcoin. The price surged and reached the crucial resistance levels, not seen since February but failed to surpass the range, resulting in a notable pullback. Previously, the rejection from the range had dragged the levels towards the lows below $1400. So the question arises whether the ETH price will revive a strong upswing to $3000.

Regardless of the long-term price action, the ETH price is poised for a strong upswing in the short term as the 50/200-day MAs have undergone a golden cross.  However, in the long term, the price is expected to face some upward pressure as the token has dropped below a crucial resistance zone. Previously, a strong buying volume followed this rejection, which pushed the price to $4000.                                                                  

The ETH price has witnessed its strongest 1-month rise in recent times after the rebound it underwent on April 7, 2025. Meanwhile, the price faced extreme upward pressure last week, which stopped the rally and got rejected exactly at the 50-day weekly MA. This rebound is technically the new bullish leg of the multi-year rising wedge.  The 1-week MA 50 turned into a resistance when it last broke on the week of January 27, 2025. Once it breaks and closes above the range, one can expect a strong bullish upswing that happened during late 2024. 

Therefore, all eyes will now be on the current weekly close, which is now expected to rise above the 200-day weekly MA and surpass the 50-day MA. As the weekly MACD has already turned bullish, the ETH price is believed to revive a strong rise back to the psychological barrier at $4000. However, breaking this barrier is extremely crucial to keep up the bullish trend towards a new ATH.