Ethereum Soars Past $2,800 – $3,000 Next Stop as Bulls Charge?

Ethereum just smashed through a critical resistance level, hitting its highest price in a month. The $2,800 barrier crumbled—now traders are eyeing the psychological $3,000 milestone.

Market momentum turns bullish

With ETH's price action looking stronger than a Wall Street analyst's coffee, the rally shows no signs of slowing. Trading volumes spiked 40% as institutional money finally wakes up to crypto (only three years late).

Technical indicators flash green

The 50-day moving average just crossed above the 200-day—a classic 'golden cross' pattern that historically precedes major rallies. Meanwhile, shorts are getting liquidated faster than a Lehman Brothers employee's 401(k).

Can Ethereum sustain the surge?

While the charts look promising, remember this is crypto—where 'irrational exuberance' is considered a conservative valuation method. One thing's certain: if ETH clears $3,000, the FOMO will make GameStop look like a savings bond.

This MOVE comes after the resistance level of $2,500 was broken; however, recent breakouts have failed to sustain upward momentum. Could this one be different?

So far, there has already been so profit taking, with ETHUSD now trading $50 below its previous high.

The main reason is a ceiling of 56.8 on the 14-week relative strength index (RSI). This level has not been broken since December 2024, which is the last time Ethereum was trading above $3,000.

As of writing, the RSI is tracking at 56.6; should this rise above the resistance above, and toward 57 - 60, ETHUSD will almost certainly be trading at or around $3,000.