Ethereum Targets Major Breakthrough as Bull Market Increases Pressure on Key Resistance

Ethereum has entered a new upward phase, decisively reclaiming the $3,000 level and holding steady above the $3,050 area. After several days of volatile trading, the market is beginning to show signs of renewed confidence, and Ethereum’s structure now suggests another upward phase may be forming. With the price comfortably above the 100-hour simple moving average, the question is whether ETH has enough strength to break through the next resistance band and continue its recovery.

The latest push began when Ethereum successfully held the $2,920 support area. This level not only halted the previous correction but also served as the foundation for a new bullish wave. After ETH reclaimed $3,000, buyers aggressively stepped in, breaking through $3,020 and gaining enough momentum to challenge the mid-range levels. Although the price pulled back from the $3,240 area, the correction remained controlled. The retracement held above the 50% Fibonacci pullback from the $2,718 to $3,240 rally, indicating that bulls are not ready to give up their position.

Currently, Ethereum is trading above $3,050, with a key bearish trendline at $3,140. This line has capped upward attempts and now serves as the immediate barrier separating ETH from a potential breakout. A daily close above $3,150 would invalidate this trendline and decisively shift market sentiment bullish.

This brings up a natural question:
Is Ethereum showing genuine bullish strength, or is this just another bounce?

Ethereum's market structure supports the bullish case. The MACD has turned positive, gaining new momentum. The RSI is above 50, indicating steady buying pressure rather than weakening. Most importantly, ETH is trading above its 100-hour moving average, confirming the underlying trend is shifting from neutral to constructive.

If Ethereum can break above $3,150, the next major resistance is at $3,200. This area is critical as it marks the start of a broader liquidity pocket extending to $3,250. A clean move through $3,250 would open the door to $3,320 and higher. Beyond $3,320, Ethereum has historically encountered little resistance until the $3,450 area, meaning that once momentum builds, prices could accelerate quickly.

This leads to a second key question:
If bulls take full control, what are the price targets?

A breakout above $3,250 would give Ethereum a chance to test $3,320. If buyers can maintain that breakout, the rally could naturally extend to $3,450 or even $3,500. These levels align with previous reaction zones where liquidity tends to cluster. During bull phases, Ethereum often gravitates toward these upper range targets, especially when volatility compresses ahead of a breakout.

Nevertheless, traders cannot ignore downside risks. If Ethereum fails to overcome the $3,140 resistance area, prices could slip back into a corrective phase. The first support lies at $3,050. A drop below this level would expose the more psychologically significant $3,000 area. Falling below $3,000 would undermine the short-term bullish scenario and send ETH toward $2,950. Beyond that, the $2,920 area becomes critical again. This area aligns with the 61.8% Fibonacci retracement from $2,718 to $3,240, meaning losing it would threaten the entire upward structure.

This naturally brings up a final question:
Where is the bull market’s invalidation point?

A break below $2,920 would seriously damage bullish momentum. Below that, the $2,840 and $2,820 supports serve as deeper layers of defense. These areas are not ideal for a bullish continuation and would suggest the market needs a broader reset before the next major rally.

However, for now, indicators lean toward continued upside. The MACD momentum remains in the green. The RSI is healthy. The structure is tightening below resistance, a pattern that often leads to decisive breakouts. Ethereum is at a critical juncture. The market is watching the $3,140 to $3,150 area closely—a strong move through this zone could trigger a wave of sustained bullish response.

Ethereum has returned to a position of strength, reclaimed key levels, and set the stage for a potential breakout. Whether the bulls take the next step depends entirely on their ability to clear the immediate overhead resistance. If they succeed, Ethereum could accelerate toward $3,250 and higher. Until that moment arrives, the market remains alert, balancing between consolidation and ignition, awaiting the catalyst that will shape ETH’s next chapter.