US EditionEthereum price finally ‘breaking out,’ data suggests — Is $3K ETH next?
- Ethereum price has recently broken above the $2,000 level, reaching $2,003 as of May 9, 2025, signaling renewed bullish momentum.
- This breakout follows a gradual climb above key resistance zones such as $1,800 and $1,850, supported by a bullish trend line and rising moving averages.
- The price surge correlates with optimism about Ethereum 2.0 upgrades, which aim to improve scalability, efficiency, and reduce fees through sharding and proof-of-stake transitions.
- Analyst Michaël van de Poppe indicated that should Ethereum manage to firmly close above the resistance level, he would look for that area to hold as support, aiming for a potential move toward the $2,000 range.
- If Ethereum maintains support above $2,000, it could continue rising toward $2,100 or higher, reflecting growing institutional demand and positive broader crypto market conditions.
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12 Articles
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Ethereum price finally ‘breaking out,’ data suggests — Is $3K ETH next? – DG Verifications & Stats
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