ETH Breaks Above $3,000: Will It Hold Steady or Drop Significantly Back?

Ethereum has surpassed the $3,000 mark, a price level it has struggled to hold in recent weeks. At the time of writing, the ETH price is $3,045.18. It has increased by 2.2% in the past 24 hours and 2.8% over the past week. The $3,000 level has historically served as a strong resistance zone. When ETH was unable to stay above this level in the past, the price moved sideways. Closing the daily candle above the current $3,000 level could determine whether Ethereum can continue its upward trend or revert to sideways movement. Key Resistance Levels to Watch If Ethereum maintains above $3,000, the next price zones to monitor are from $3,165 to $3,250. Further out, another zone lies around $3,320 to $3,480. These levels have previously halted upward rallies. Breaking through them could pave the way for the price to rise toward $3,700 to $3,800. Traders are closely watching these areas. The ability to break through may depend on strong trading volume. If the price stalls or gets rejected at these zones, the upward momentum could weaken. What Happens If It Falls? If ETH drops below $3,000 again, it could return to a lower support zone. A price below $2,935 could lead to tests of the $2,850 and $2,775 levels. If the decline continues, it could drop to $2,615 or even lower. Market observers remain cautious: “If ETH drops below $3,000 again, the sideways trend will continue,” Ted commented. Traders are waiting for a clearer direction. ETH/BTC Price Is Holding Steady On the ETH/BTC pair, Ethereum is trading just above a key support level near 0.0333. It is also above the 200-day EMA. This support zone has been held multiple times in recent months. This pair broke the long-term downtrend line in December and has since maintained above that level. If it remains stable, ETH/BTC could target levels of 0.036 or 0.038. However, if it drops below 0.0333, the price could fall to 0.0326 or lower. The current trading range of this pair is stable but vulnerable. Ethereum is at a critical price point. Traders are watching to see whether the price can hold above $3,000 or fall below that level. The closing prices over the next few days may provide further directional clues.