Ethereum Surges 17.9% as Bullish Trend Emerges

Ethereum's price has recently broken out of a prolonged downtrend, sparking renewed bullish sentiment across the market. This shift is marked by a significant breakout above a descending trendline that had been capping its movements since late 2024. The pseudonymous TradingView crypto analyst, Orihadad66, has predicted that Ethereum could surge to $3,000, given the current market conditions.

The analyst's observations indicate that Ethereum's transition from a bearish to a bullish trend was not subtle. A high-volume candle pierced through both the trendline and the $2,100 – $2,150 resistance zone, confirming a clear shift in market structure. This breakout is particularly notable as it invalidates the broader bearish pattern that had dominated the early part of 2025. The $2,100 – $2,150 area is now expected to act as a potential support zone, and a successful retest could solidify it as a launchpad for further price increases. Orihadad66 has identified the immediate bullish target for Ethereum between the $2,500 – $2,550 price range, a historically significant liquidity zone where previous price rejections frequently occurred. This zone is seen as a potential profit-taking area as Ethereum consolidates post-breakout.

Technical projections suggest that Ethereum may briefly pull back toward the $2,350 – $2,400 range to form a potential higher low. If this pullback holds, bulls could drive the next leg up toward $2,800 – $3,000, a confluence zone that includes both a supply barrier and psychological resistance. A clean break above $3,000 could open the door to the $3,300 – $3,600 supply block, potentially triggering a larger bullish trend reversal. With Ethereum currently trading at $2,544, a surge to $3,000 or even $3,600 would represent a 17.9% and 41.5% increase, respectively.

While the analysis by Orihadad66 highlights Ethereum’s almost completed bullish structure and potential breakout target, the setup also comes with a clear invalidation level. The analyst has warned that a 4-hour candle close below the $2,100 support zone or a breakdown beneath the reclaimed descending trendline would signal weakness, potentially nullifying the bullish thesis. Such a move would suggest that the recent breakout was a false one, possibly a liquidity grab that could open the door to increased selling pressure. The analyst has suggested that traders should monitor price action around the $2,100 level. Until this invalidation point is reached, the analyst’s projected breakout, retest, and continuation scenario remains the dominant roadmap.