The Ethereum price has broken out of a months-long downtrend, sparking bullish sentiment in the market with an aim for a potential breakout towards $3,000.
A crypto analyst predicts a surge to $3,000 as Ethereum's recent shift from bearish to bullish was confirmed by a high-volume breakout above a key resistance zone.
The $2,100 - $2,150 area now acts as a potential support zone for Ethereum's price, with the next target set between $2,500 - $2,550 as a key liquidity zone.
Technical projections suggest a possible pullback towards $2,350 - $2,400 before a potential move towards $2,800 - $3,000, with a clean break above $3,000 potentially triggering a larger bullish trend reversal.