🚀 Crypto Will Ethereum’s Price Explode to $3K? Three Technical Charts to Watch This Week

[Gr@c3]

ETH may make a new high this year as buyers return to the market.

Key Support levels: $2,500

Key Resistance levels: $2,720, $3,000

1. Buyer Return in Force​

Ethereum rallied hard in the past 24 hours, booking an impressive 8% price increase. The current target for this impulse is $2,700, which is also the highest from January. Should sellers return, Ethereum has good support at $2,500.


Chart by TradingView

2. Targets for this Rally​

If bulls break above $2,700, then Ethereum might continue on its way to making a new high this year and place it on a clear path toward $3,000, which is the next major target. The momentum indicators also favor a continuation of this price action.


Chart by TradingView

3. Daily RSI Enters Overbought Territory​

The ongoing rally has moved the daily RSI above 70 points. While this shows that buyers dominate, it also signals that the price could experience a pullback in the near future. Watch the key resistance levels, as they could bring sellers back.


Chart by TradingView

Ethereum is showing a lot of strength, and a break above $2,700 would encourage buyers to push towards $3,000 before any major correction.

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