Ethereum Eyes $2,100 Breakout—Is a Rally to $3,000 Next?

Ethereum (ETH)

Ethereum (ETH) is gaining renewed market traction as analysts present compelling technical indicators pointing toward a potential surge past the $2,100 mark. Recent price behavior suggests both short-term bullish momentum and macro-level cyclical patterns, supporting an upward continuation if key support levels hold.

Ethereum Price Poised for a Liquidity Grab

Crypto analyst Crypto Patel recently highlighted a bullish setup on the ETH/USDT chart, noting a strong displacement move to the upside. This shift in market structure followed a reaction from a critical bullish Point of Interest (POI), indicating institutional demand.

Currently, Ethereum is rebounding from a key mitigation block around $2,064.60, a level where institutional traders often enter positions to mitigate prior orders before resuming the trend. Patel suggests that this setup aligns with smart money principles, with a price target of $2,128.12. This level corresponds with a swing high liquidity zone, which often attracts stop-loss orders and pending buy positions. A move into this area could trigger a liquidity grab before a potential reversal. Patel sets a stop-loss at $2,027.20 to manage downside risk if the price structure fails.

Ethereum’s Cycle Mirrors 2018–2020 Patterns

Adding to the bullish outlook, analyst TimeFreedomROB compared Ethereum’s current price action to its 2018–2020 cycle. His chart analysis shows ETH breaking below an ascending triangle, reminiscent of its past breakdown from a descending triangle before a massive 2020 rally.

Ethereum recently dipped below the $2,300 psychological level and tested the lower diagonal trendline around $1,800. This area corresponds with horizontal demand zones from previous cycles, potentially marking a final shakeout before a strong upward move. If Ethereum reclaims the $2,200–$2,400 range, it could confirm a shift back into bullish momentum on the weekly timeframe.

Ethereum Price
Source: X

ETH Price Prediction: Path to $3,000 and Beyond?

Supporting this bullish outlook, analyst MAXPAIN predicts a brief retrace to the $1,900 zone before a potential rally toward $3,000. Based on historical patterns, ETH could face resistance at $3,600, $4,870, and possibly extend into the $6,000–$7,500 range.

Also Read: Ethereum Faces Bear Flag Breakdown: Is ETH Headed for $1,230?

At present, Ethereum is trading at $2,064.98, reflecting an 8.10% gain over the past week. With a market cap of $249.12 billion and a 24-hour trading volume of $11.71 billion, ETH remains a dominant force in the crypto market. If historical trends hold, Ethereum’s bullish breakout could be just beginning.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.