<ul><li>Ethereum (ETH) has defended the $2,380–$2,460 demand zone and analysts are eyeing a potential move towards $3,000.</li><li>Crypto analyst Ali Martinez believes ETH could reach the $3,000 price target with no major supply barriers ahead.</li><li>Technical analysis suggests the formation of a 'textbook double bottom' and a potential triple-bottom formation on the Ethereum chart.</li><li>Excessive bearish sentiment and a surge in short positions could set the stage for a surprise move and a sharp upside rally for ETH.</li></ul>

Ethereum Defends Critical Demand Zone – Will ETH Rally To $3,000?

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