Ethereum’s Bullish Surge: Eyeing the $3K Milestone Amid Strong Support
Ethereum (ETH) is showing strong signs of a bullish breakout as it climbs toward the $3,000 milestone. With solid support at $2,500 and a clear upward trajectory, the cryptocurrency is poised for further gains. Technical indicators and chart patterns suggest growing momentum, making this an exciting time for ETH investors.
Ethereum Price Rally Alert: ETH Starts Its Climb Toward $3K Milestone
Ethereum’s price has found strong support at the $2,500 level, igniting a fresh upward trajectory. The cryptocurrency now eyes a decisive breakout above the $2,750 resistance zone, with technical indicators suggesting growing bullish momentum.
A connecting bullish trend line has formed on the hourly ETH/USD chart, anchored at $2,550 support. The asset currently trades above both the $2,540 level and its 100-hour moving average, demonstrating sustained buying pressure following Bitcoin’s recent all-time high achievement.
Market observers note ETH’s consecutive breaches through $2,550, $2,620, and $2,650 resistance levels, culminating in a spike to $2,720. This price action establishes $2,500 as a new foundation for potential upside toward the psychologically significant $3,000 threshold.
Ethereum Price Could Surge to $3,200 as CME Futures Gaps Remain Unfilled
Ethereum (ETH) is gaining momentum, with trading volumes and bullish sentiment driving its price toward a potential breakout to $3,200. The cryptocurrency has surged 5.6% in the last 24 hours, reaching $2,666, and has posted a 30-day gain of over 64%. This rally has reignited discussions about key price targets, particularly two unfilled CME futures gaps NEAR the $3,200 mark.
Pseudonymous trader Titan of crypto notes that such gaps historically tend to get filled, suggesting ETH’s upward trajectory may continue. The technical pattern aligns with past price behavior, where these gaps often act as magnets for future price action.
Ethereum Flips Bank of America Market Cap, Eyes $3,000 Milestone
Ethereum’s resurgence has captured market attention as its valuation surpasses traditional finance giant Bank of America. The second-largest cryptocurrency by market cap surged nearly 50% in May, breaking through key resistance levels with a current price of $2,699.50.
Trading activity shows ETH testing the $2,731 range after maintaining support above $2,600. This upward trajectory positions ethereum for a potential test of the psychologically significant $3,000 threshold before month-end.
The network’s growing adoption and recent performance suggest institutional investors may be reevaluating their crypto allocation strategies. Market watchers note Ethereum’s technical indicators appear bullish, though volatility remains a constant factor in crypto markets.
Ethereum-Based Game ’Ember Sword’ Shuts Down Amid Funding Crisis
Ember Sword, a blockchain-based MMORPG built on Ethereum, has ceased operations after failing to secure additional funding. The shutdown follows a $203 million NFT land sale in 2020 that initially fueled development.
The collapse mirrors the fate of The Walking Dead: Empires, another Ethereum game closing this month. Both projects struggled with financial sustainability despite early investor enthusiasm.
Market observers note growing pressure on blockchain gaming ventures as the crypto winter persists. Ethereum’s native token ETH shows muted price action following the news, trading at $3,412 at press time.
Ethereum Rally Backed by Institutional Conviction as Open Interest Surges
Ethereum’s derivatives market is flashing strong signals of institutional participation, with Open Interest (OI) on Binance soaring 41.6% to $5.1 billion. Across all exchanges, ETH’s aggregate OI now approaches $17 billion—a structural vote of confidence in the asset’s 65% price surge from $1,600 to $2,663.72.
The rally diverges from speculative froth. Whale inflows and short squeezes below $2,714 suggest organic demand, with technicals pointing to continued upside. When derivatives activity scales alongside spot price appreciation, it typically reflects sophisticated capital deployment rather than retail euphoria.
Ethereum Profitability Surges as Nearly 60% of Holders Enter Profit Zone
Ethereum’s investor profitability has sharply reversed course amid the asset’s recent price rally. On-chain data reveals a dramatic improvement in holder economics, with nearly 60% of addresses now in the money.
Institutional DeFi solutions provider Sentora reports the turnaround through its Historical In/Out of the Money metric, which tracks cost basis versus current prices across Ethereum’s user base. The indicator shows a significant contraction in loss-making positions as ETH breaches key resistance levels.
