Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop?
Ethereum Just Flipped a Switch – $3K Coming?
Ethereum (ETH) is showing renewed strength as it trades at $2,601.69, registering a 4.44% gain in the last 24 hours. This upward movement comes with a significant 51.83% increase in trading volume, now at $20.02 billion—signaling rising investor interest and a possible shift in market sentiment. Ethereum's market capitalization has surged to $314.25 billion, further cementing its position as the top altcoin. Given these dynamics, many analysts are revisiting their Ethereum price prediction, anticipating further upside in the near term.
In the last 24 hours, Ethereum’s price fluctuated between $2,477.29 and $2,649.85, reflecting growing bullish momentum. The key resistance lies in the $2,750–$2,850 range. A strong breakout above this zone could pave the way for a retest of the psychological $3,000 level. On the downside, ETH finds solid support between $2,100–$2,260—a zone of previous consolidation that has historically attracted buyers.
Liquidation heatmaps show key liquidity clusters at $2,450 and $2,570. While the $2,450 zone has already been swept, the $2,570 level remains untouched. A minor move to or slightly above this level is likely, given the current market dynamics. A drop towards $2,450 would present a strategic buying opportunity, with a potential upside target at the recent local highs of $2,800.
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Beyond technicals, Ethereum's fundamental strength remains unmatched. According to Messari, Ethereum secures a staggering $219 billion in total capital—more than double that of TRON and leagues ahead of Solana, Avalanche, and other competitors. This capital includes stablecoins, decentralized applications (dApps), and tokenized assets, highlighting Ethereum’s critical role in the Web3 ecosystem.
With strong fundamentals and growing market momentum, Ethereum appears well-positioned for further gains—provided no major macroeconomic shocks disrupt the current trajectory. For experienced crypto investors, ETH remains a core asset to watch closely.