Ethereum Price Prediction: ETH Tests Key $3K Breakout Setup
Ethereum is holding near a key technical zone as two trader charts point to a possible breakout setup. The charts show ETH testing resistance, retesting an old downtrend line, and building patterns that could decide its next move. Ethereum Price Eyes $3,000 as ETH Chart Forms Three Cup and Handle Setups Ethereum traded near $2,282 on the daily ETH/USD chart on Coinbase, while a chart shared by Sky on X showed three possible cup and handle patterns forming below key resistance. The chart places Ethereum under the $2,389 resistance level. That zone has capped several upside attempts since March, making it the main breakout level for ETH price. Sky said some traders think ETH is “doing nothing,” but the chart shows three cup and handle setups building across recent price action. The post said these patterns could support a move toward the $3,000 area if Ethereum breaks higher. Ethereum Chart. Source: The first rounded base formed after Ethereum fell sharply in February and found support near the $1,800 area. ETH then recovered toward $2,389 but failed to clear the resistance zone. After that, Ethereum pulled back near the $1,950 to $2,000 range and formed another rounded structure. Buyers later pushed the price back toward the same resistance