Ethereum Price Analysis: Has ETH Turned Bullish After Maintaining $3K?

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.