Ethereum Price Prediction: Has ETH Opened the Door to $3K After the Latest Breakout?

Ethereum has staged a sharp breakout from its multi-week consolidation, with ETH now trading around $2.4K after reclaiming the descending trendline that had capped the broader recovery.

The move is supported by a strong acceleration in momentum and a noticeable rise in short liquidations, although the sharp increase in RSI readings suggests the rally could become vulnerable to a near-term pullback.

Ethereum Price Analysis: The Daily Chart On the daily chart, ETH has decisively broken above the descending trendline that had been in place for months.

The breakout is particularly significant because the price had spent several months consolidating below that resistance while forming higher lows from the June bottom near $1.5K.