<ul data-eligibleForWebStory="false"><li>Ethereum's price is showing bullish signals with potential to reach $3,000, described by analysts as a 'powder keg' ready for a breakout.</li><li>Technical analysis points to a consolidation range for Ethereum between $2,190 and $2,750, with a bullish target of $3,300 in the near term.</li><li>Fundamental factors like low exchange balances, increasing stablecoin activity, and rising Ethereum Spot ETF inflows support the potential parabolic move for Ethereum.</li><li>Analysts highlight that if Ethereum surpasses the $2,600 resistance level, the combination of supply scarcity and increasing demand could lead to a rapid breakout.</li></ul>

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

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