Ethereum (ETH) at a Crossroads: Jump to $3,000 or a Plunge to $2,000 Comes Next?

The second-largest cryptocurrency has hovered around $2,500 over the past several days, with some analysts predicting a decisive breakout above that level and a surge to much higher ground.

Others remain cautious, expecting ETH to head south to around $2,000 before starting a bull run.

The Bullish Perspective According to X user Ted, ETH is moving towards the $2,550 resistance again, anticipating a pump to $3,000 once the asset initiates a strong weekly close above that zone.

Michael van de Poppe shared a similar thesis, suggesting that if Ethereum tests the $2,520 area and starts to break upwards, it could climb all the way to $3,000.