Ethereum continues to hold its bullish tone above $3K, supported by both technical breakouts and renewed on-chain strength. This consolidation comes at a time when Bitcoin remains the center of attention due to major events and politics, from the escalation of conflict in the Middle East to financial instability across emerging markets.
Ethereum Price Analysis: Daily Chart
The daily structure shows that ETH broke out of its bearish equilibrium channel, turning the $3K area into a strong support. The price recently entered a major resistance zone between $3.3K–$3.7K but faced selling pressure, printing a few consecutive candles. This zone overlaps with both the 100-day and 200-day moving averages, creating a technical barrier that the bulls must retest for a continuation.
Despite the rejection, the RSI remains in healthy territory, currently retreating from overbought levels. A strong low near the $3K range can act as a bullish board. The daily key line also remains intact, and if the price maintains a structure above the $2.7K area, the bullish outlook remains active. But retracing the $3.5K resistance level is now important to invalidate the top of the zone.
ETH/USDT 4 Hour Chart
On the 4-hour chart, ETH is rallying just above the previous resting point around $3K, forming a potential base after its unexpected rally last week. The stock is respecting the $3K level, while the descending trend line reached the last move around $3.3K. The current range of $3K–$3.1K now serves as the mid-range price point and decision point.
If buyers can’t break above the $3.3K level, it opens the door to a retest of the $3.5K level and possibly an exit to $4K. However, if the price falls below $3K on volume, the market could re-visit the lower boundary of the pattern near $2.9K and even the higher confluence demand area lower at $2.6K. So far, the structure is still in favor of buyers, but caution is needed in the short term.
Onchain analysis
Ethereum’s 30-day SMA for active addresses is trending higher again, following a significant dip in Q3–Q4 2025. Historically, increases in address activity tend to precede or coincide with sustained price rallies, and recent increases are not. As of now, the active addresses are going over 400K, the mirror levels seen during the last big boom.
This jump suggests an improvement in the network’s fundamentals, likely driven by increased DeFi activity and reflows. If this on-chain momentum continues and the active addresses increase even more, it can provide a solid guarantee of continued demand, strengthening Ethereum’s medium-term bullish case.
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