Ethereum Price Poised for 20-25% Upside as Bullish Signals Strengthen

Ethereum (ETH) has been steadily rebuilding its strength after weeks of sideways movement, leaving traders speculating about a potential major breakout. The price is currently hovering above $2,600, with key technical signals indicating early bullish signs. This has traders wondering if ETH can push above its next resistance level and reclaim the $3,000 mark soon.

Looking at the daily chart, Ethereum is trading around $2,620–$2,623 with a steady upward bias. The Heikin Ashi candles show a period of consolidation above $2,500, forming a tight range with slightly higher lows, which suggests that buyers are slowly regaining control. The Relative Strength Index (RSI) sits at 59.9, just below the crucial 60 mark that often precedes a stronger push. This indicates that ETH is not overbought yet and there is room for continuation. The RSI is also comfortably above its moving average (around 52), showing that upward momentum is building again.

The chart highlights Fibonacci extension levels, which show clear upside targets. The visible Fibonacci grid suggests a key short-term resistance near $2,750–$2,800, with the next levels around $3,000 and $3,200. Given the previous bounce from the May lows, the rally leg was about $2,000 to $2,900 — a move of $900. If we take the recent low near $2,400 and add a similar swing, a measured move target comes to $3,300. This aligns well with the Fibonacci cluster above $3,200, suggesting that if Ethereum price breaks above $2,750 with volume, a move towards $3,200–$3,300 is technically realistic.

On the downside, the chart shows ETH price has repeatedly defended the $2,400–$2,500 region, forming a solid base. Multiple tests without breakdown imply that whales are likely accumulating below $2,500. As long as Ethereum price stays above this floor, the short-term risk remains limited. If the price dips back to this zone, it may act as a springboard for bulls to push higher again.

The RSI reading near 60 is promising. Typically, for ETH price, when the RSI crosses 60 on the daily, it signals the start of a momentum phase that can last a few weeks. For example, the big rally earlier this year started when RSI went from 45 to 65, and the price surged nearly 40%. Using a similar percentage, a 40% move from the recent swing low ($2,400) could target $3,360. Again, this matches the measured move and the upper Fibonacci zone.

Based on the price structure, support zone, and RSI momentum, Ethereum price looks ready to test $2,750–$2,800 soon. If bulls manage to break and close above $2,800 on strong daily volume, the next logical leg is toward $3,200–$3,300. If the market stalls or Bitcoin pulls back, ETH price could retest $2,500–$2,550 as support. But unless that level is lost with heavy selling, the bias stays bullish.

Ethereum price daily chart shows it is quietly building strength for a fresh breakout. With RSI momentum intact, a strong support base, and clear Fibonacci targets, traders should watch the $2,750–$2,800 level closely. A breakout above that could unlock the path to $3,200–$3,300 in the coming weeks — giving bulls nearly a 20–25% upside from current levels. For now, the trend remains constructive — but always keep an eye on Bitcoin for confirmation. If BTC stays stable, ETH price next move could surprise on the upside.