Ethereum Price Prediction: Will ETH Price Break $3000 Soon?
Ethereum has been showcasing remarkable strength in the crypto market, surpassing even Bitcoin in performance. The price saw a significant surge, reaching key resistance levels not seen since February. However, it failed to break through this range, leading to a notable pullback. Following the rejection from the range, ETH price dipped below $1400. The big question now is whether Ethereum will make a strong comeback and aim for $3000.
In the short term, Ethereum’s price seems poised for a significant upswing as the 50/200-day Moving Averages have recently experienced a golden cross. Despite this short-term optimism, the long-term outlook suggests that the price may face some upward pressure as it has fallen below a crucial resistance zone. Previous rejections from similar levels were followed by strong buying volume that propelled the price to $4000.
Technical Analysis and Outlook
Recent price action has seen Ethereum record its strongest 1-month gain in quite some time following a rebound on April 7, 2025. However, the price faced strong resistance last week, getting rejected precisely at the 50-day weekly Moving Average. This rebound signals a new bullish phase in the multi-year rising wedge pattern. Breaking above the 1-week MA 50, which acted as resistance in January 2025, could trigger a bullish rally similar to late 2024.
With the weekly MACD turning bullish, all eyes are now on the current weekly close, which is expected to surpass the 200-day weekly MA and breach the 50-day MA. If this scenario plays out, Ethereum could see a strong resurgence towards the $4000 mark. Breaking this psychological barrier will be crucial to sustain the bullish momentum towards a new All-Time High.
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