Ethereum rebounds 20%, analysts see $3000 as the next key barrier

Ethereum has regained its upward momentum, with analysts aiming at $3000.

Ethereum has recently regained momentum, rising nearly 20% from a low of about $1580 in early July, and is currently trading at $1892. Market analysts pointed out that bullish signals and price movements indicate that it is expected to climb further to the $3000 mark, but also emphasized that there are significant resistance and liquidity challenges along the way.

Technical outlook and bullish signals

Market analyst Ali Martinez pointed out that Ethereum rebounded from the US$1580 level, forming a trend structure similar to that before previous major gains. Martinez sees the July low as a key springboard and reviews previous historical performances of price increases of 35% to more than 200% after breakthroughs, with the largest increase occurring in 2025.

Ethereum prices recently broke through its 0.8 times market value to realized value (MVRV) ratio range, approaching $1800 in early August. The MVRV ratio evaluates Ethereum's valuation and investor sentiment by comparing its market value to its realized market value. The realized market value reflects the total cost basis of all tokens in the network, which is calculated based on the price of each token when it was last moved rather than the current spot price.

Martinez observed that previous MVRV ratios that exceeded the 0.8 times range tended to push Ethereum prices to reach or exceed their realized value. Currently, that level is approximately $2245. In addition, he also noticed the recent golden cross in the MVRV momentum indicator-historically, such signals usually bring increases of 50% to 166%.

At the same time, trading analyst Michael Van der Pop described the current market environment as a good opportunity to lay out Ethereum rather than waiting for a breakthrough to be confirmed before acting. He believes that prices can surge quickly to $3000, sometimes in just days or weeks, and investors may miss the opportunity if they wait.

Resistance Range and Market Liquidity

Despite positive signals, Ethereum faces strong resistance around $3000. On-chain data shows that this region was previously an important trading activity range, with more than 10 million Ethereum units changing hands around this price. This means that when Ethereum approaches this level, many holders may choose to leave, slowing the upward momentum.

Seller pressure has also been further exacerbated by liquidity issues. CryptoQuant data shows that the market value of USDT stablecoins has dropped by nearly $4 billion in the past two months, including a decrease of $870 million in the past 11 days alone. The contraction in the supply of stablecoins usually reflects a decline in the overall purchasing power of the crypto market, which brings resistance to asset price increases.

However, analysts cautioned that the contraction of stablecoins should not be regarded as an inevitable signal of a decline in Ethereum. Instead, it suggests a shrinking pool of readily available liquidity, which increases the efficiency of trade execution and the importance of price monitoring. In a market where a Federal Reserve decision or a sudden launch of an altcoin can change everything in seconds, the demand for integrated tools is growing. Savvy traders are turning to privacy-conscious platforms that allow users to access real-time charts, customized price reminders and macro data without having to register an account, simplifying decision-making processes in volatile markets.

Higher targets and Internet activity

After overcoming the $3000 barrier, analyst Serar Kukuk expects Ethereum to eventually reach a record high. He set a first price target of $5100 and a secondary target of $6300, but also warned that these levels could trigger a drastic price reaction. Kukuk also believes that Ethereum has decoupled from Bitcoin, an observation that supports its potential to accelerate its rise.

Kukuk concluded that Ethereum seems to be clearly deviating from Bitcoin's price trend. This shift could lead to a faster and more drastic move than many expect, potentially reaching target prices earlier.

Analyst Quentin Francois pointed out that the current upward trend is consistent with Ethereum network activity reaching a record high. Despite moderate price performance, transaction volume remains at an all-time high, reflecting continued use demand and activity on the network.

Analysts stressed that if Ethereum wants to enter the next round of gains, it needs to first break through the realized value resistance level of $2245 before it can effectively test the $3000 region. Once prices break through these two obstacles, further bullish targets may emerge against the backdrop of high market interest.