Ethereum holders are back in profit as ETH price chart targets $3K

💡 DMK Insight

Ethereum’s recent bounce above $2,349.60 is a pivotal moment for traders. With investors back in the green, sentiment is shifting, and a rally towards $3,000 seems plausible. However, the $2,800 resistance level is key; if ETH can’t break through this, we might see a pullback. Traders should keep an eye on volume and momentum indicators—if buying pressure increases, it could signal a breakout. Conversely, if we see a rejection at $2,800, it might trigger profit-taking, leading to a dip back towards $2,200. Here’s the thing: while the bullish narrative is compelling, the market’s tendency to retrace after hitting resistance shouldn’t be overlooked. Watch for the next few days; a decisive close above $2,800 could open the floodgates for a more significant move upwards. But if it falters, be ready to adjust your positions accordingly.