Ethereum continues to uphold its bullish stance above $3,000, fortified by various technical advancements and a surge in on-chain activity. This positive trajectory is particularly notable as Bitcoin remains under scrutiny due to a series of macroeconomic and geopolitical upheavals, including escalating tensions in the Middle East and financial fragility in emerging markets.

Ethereum Price Analysis: The Daily Chart

The daily analysis reveals that ETH has recently escaped from a downward trend channel, establishing the $3,000 mark as solid support. Recently, the price approached the critical resistance range of $3,300 to $3,700, although it experienced some selling pressure, resulting in several bearish candles. This price range corresponds with crucial moving averages, presenting a significant technical challenge for bullish momentum.

Notwithstanding the setbacks, the Relative Strength Index (RSI) remains favorable, hinting at a possible rebound from overbought conditions. Establishing a higher low near the $3,000 area may act as a launchpad for further gains. The daily trend line’s integrity persists; maintaining price action above $2,700 is vital for the bullish perspective to hold. To confirm the ongoing uptrend, overcoming the $3,500 resistance level is imperative to prevent the establishment of a local price peak.

ETH Daily Chart

ETH/USDT 4-Hour Chart

In the 4-hour time frame, ETH is solidifying just above the previous breakout level at $3,000, establishing a likely foundation following last week’s explosive rally. The price is respecting the $3,000 threshold while a descending trendline has capped recent advances just below $3,300. The current trading range of $3,000 to $3,100 now acts as a crucial decision point.

If buyers can successfully breach the $3,300 level, it could pave the way for a price retest at $3,500 and possibly a breakout toward the $4,000 threshold. Conversely, if prices dip below $3,000 with significant volume, the market might revisit lower support levels near $2,900 and even $2,600. So far, the sentiment is tilted towards buyers, yet caution is advised in the short term.

ETH 4-Hour Chart

On-chain Analysis

The 30-day average of active Ethereum addresses is trending positively again after a notable decline in late 2025. Historically, an increase in active addresses precedes or aligns with enduring price increases, and the latest growth is reinforcing this pattern. Presently, active addresses hover around 400,000, reflecting levels witnessed during the last bullish cycle.

This resurgence points to improving network fundamentals, potentially fueled by heightened DeFi engagement and re-staking activities. Continued growth in active addresses would signal sustained demand, supporting Ethereum’s medium-term bullish outlook.

Ethereum Active Addresses