Ethereum’s Path to $3K: Analyzing Key Resistance Levels and Market Sentiment

Ethereum (ETH) is currently showing signs of short-term exhaustion after a strong rally, with buyers struggling to maintain momentum near critical resistance levels. As of May 18, 2025, ETH is trading at $2,482.84, having decisively broken above the 100-day moving average (MA) at $2,100. The next significant target is the 200-day MA near $2,600, a key level that could determine whether ETH continues its upward trajectory toward $3,000. Technical indicators, however, suggest the rally may be overextended, with the Relative Strength Index (RSI) hovering in overbought territory. This could signal a potential pullback or consolidation phase before further gains. A daily close above the lower boundary of the previously broken ascending channel would be a bullish signal, reinforcing the possibility of ETH reaching $3,000. Market participants are closely watching these developments, as Ethereum’s performance could set the tone for the broader cryptocurrency market. The coming days will be crucial in determining whether ETH can sustain its momentum or if a correction is imminent.

Ethereum Price Analysis: What Lies Ahead for ETH on its Way to $3K?

Ethereum’s recent rally shows signs of short-term exhaustion as buyers struggle to maintain momentum NEAR key resistance levels. The asset has decisively broken above the 100-day moving average at $2,100 and now eyes the 200-day MA near $2,600.

Technical indicators suggest overextension, with the RSI hovering in overbought territory. A daily close above the lower boundary of the previously broken ascending channel could invalidate pullback expectations and pave the way toward $3,000.

Ukrainian Trader Max Hamaha Wins First-Ever International Crypto Trading Cup

Ukrainian trader Max Hamaha staged a dramatic comeback to claim victory at the inaugural International crypto Trading Cup (ICTC 2025), hosted by European exchange WhiteBIT on May 9-10. After finishing Day 1 at the bottom of the leaderboard, Hamaha surged to first place with a high-leverage long position on Ethereum, outperforming Dutch contender who secured second place with 6,745.96 USDT in profits.

The event featured eight elite traders from four continents competing live on WhiteBIT’s futures platform, while remote participants from trading communities—including two groups with 369 and 298 members—turned the competition into a global showcase of strategy and skill. The real-time leaderboard and live-streamed trades mirrored the intensity of esports tournaments.

WhiteBIT President Volodymyr Nosov presented the trophy to Hamaha, whose bold ethereum play underscored the high-risk, high-reward nature of crypto derivatives trading. The event highlighted growing institutional interest in competitive trading formats as a bridge between traditional finance and digital asset markets.

Ethereum Stages Robust Comeback with 100% Surge Since April Lows

Ethereum’s native token ETH has mounted a formidable recovery, breaching the $2,500 level with a near-100% rally from its early April trough. The resurgence follows months of underperformance against broader crypto markets.

Technical catalysts include rapid adoption of the Pectra upgrade, with over 11,000 EIP-7702 authorizations processed within a week—a signal of robust wallet and dApp integration. Market structure appears equally supportive: stablecoin activity has surged, LAYER 2 solutions gain institutional traction, and a mass unwinding of short positions fuels upward momentum.

Base Network’s Pectra Upgrade to Enhance Ethereum Scalability, Says Coinbase’s Jesse Pollak

Jesse Pollak, Head of Base and Coinbase Wallet, outlined how the Ethereum Pectra upgrade will significantly boost transaction throughput for Layer-2 solutions. The upgrade, which went live on May 7, introduces EIP-7702 and expands blob capacity per block from 3-6 to 6-9—a change Pollak describes as "critical for scaling the on-chain economy."

Base, Coinbase’s Ethereum Layer-2 network, stands to benefit directly from the increased data throughput. Pollak emphasized that the upgrade aligns with Base’s mission to drive mainstream adoption of decentralized applications by improving network efficiency. The enhanced blob space enables rollups to process more transactions at lower costs.

Ether Surges 56% in 30 Days as On-Chain Data Reveals Key Holder Cost Basis Levels

Ether’s blistering 56% monthly rally has catapulted its price above the average acquisition cost for most holders, according to CryptoQuant’s latest on-chain analysis. The second-largest cryptocurrency now trades nearly $1,000 higher than seven days ago, defying bearish sentiment with its strongest performance since the 2021 bull market.

Realized price metrics reveal critical support zones where different wallet cohorts originally accumulated their positions. These cost basis levels - ranging from institutional whales to retail holders - now serve as potential inflection points for ETH’s price action. Market observers note the breach of these psychological thresholds typically signals shifting supply-demand dynamics.

Ethereum Price Tests $2,700—Will BlackRock Push $ETH to $3K?

Ethereum’s price resurgence has reignited market interest, with the cryptocurrency testing the $2,700 threshold. Speculation mounts over a potential breakout, fueled by institutional interest and broader crypto market dynamics.

The second-largest cryptocurrency by market capitalization is trading at a pivotal level, as traders weigh the impact of BlackRock’s potential involvement. A push beyond $3,000 WOULD mark a significant psychological milestone for ETH bulls.