Ethereum continues to hold its bullish tone above $3K, backed by both technical breakouts and renewed on-chain strength. This resilience comes at a time when Bitcoin remains the center of attention due to macro and geopolitical events, ranging from rising tensions in the Middle East to financial instability across emerging markets.
Ethereum Price Analysis: The Daily Chart
The daily structure shows that ETH has broken out of its descending parallel channel, flipping the $3K zone into strong support. The price recently tapped into the major resistance zone between $3.3K–$3.7K but faced selling pressure, printing a few consecutive bearish candles. This zone overlaps with both the 100-day and 200-day moving averages, creating a technical barrier that bulls must reclaim for continuation.
Despite the rejection, the RSI remains in healthy territory, currently pulling back from overbought levels. A potential higher low near the $3K range could serve as a bullish springboard. The key daily trendline also remains intact, and if the price maintains structure above the $2.7K zone, the bullish outlook remains valid. But reclaiming the $3.5K resistance level is now crucial to invalidate the local top.
ETH/USDT 4-Hour Chart
On the 4-hour chart, ETH is consolidating just above the previous breakout zone around $3K, forming a potential base after its impulsive rally last week. The asset is respecting the $3K level, while the upper descending trendline capped the last move at around $3.3K. The current range between $3K–$3.1K is now acting as a mid-range value area and decision zone.
If buyers can push through the $3.3K level, it opens the door for a retest of the $3.5K level and possibly a breakout toward $4K. However, if the price falls below $3K with volume, the market could revisit the lower boundary of the pattern near $2.9K and even the high-confluence demand area lower at $2.6K. So far, the structure still favors the buyers, but caution is warranted in the short term.
Onchain Analysis
Ethereum’s 30-day SMA of active addresses is trending higher again, following a significant dip in Q3–Q4 2025. Historically, rising address activity often precedes or coincides with sustainable price rallies, and the latest uptick is no exception. As of now, active addresses are hovering above 400K, mirroring levels seen during the last major uptrend.
This bounce suggests improving network fundamentals, potentially driven by increased DeFi activity and restaking flows. If this on-chain momentum continues and active addresses increase even more, it would provide strong confirmation of sustained demand, reinforcing Ethereum’s medium-term bullish case.
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