Ethereum Price Prediction: Can ETH Rally Above $3,000? Analyst Weighs In
Traders are watching a major ascending triangle pattern that could send the ETH price back toward the $3,000 level.Ethereum on-chain activity is climbing again, with active addresses and transactions hitting strong levels.Despite ETF outflows and macro pressure, the ETH price continues holding key support zones across multiple timeframes. Ethereum has been playing with traders emotions for many months now. The price would go up, but never gain momentum and be stuck in consolidation after an enormous sell-off in early 2026. Now the atmosphere concerning Ethereum is beginning to shift once more. Traders are watching the charts much more closely because ETH is pressing against a major resistance zone, and the overall structure looks far healthier than it did a few months ago. Traders think the ETH price is coiling for a breakout One of the bullish takes came from crypto trader Ray, who pointed out that Ethereum is trading inside a large ascending triangle pattern. In simple terms, ETH keeps printing higher lows underneath the market while repeatedly running into resistance near the same price area around $2,400-$2,450 That kind of setup usually gets traders excited because ascending triangles often lead to strong breakout moves once resistance finally gives way. In this case, the projected









