Three reasons why the $3K price target for ETH is back on the table for May
ETH charts are pointing again towards the $3,000 level by the end of April, with multiple technical signals backing a bullish outlook. On the daily timeframe, ETH/USD is forming a classic bullish flag, a continuation pattern that appears after a sharp rise followed by consolidation in a descending channel. A breakout above $2,350 could trigger a move towards $3,000, implying a roughly 33% upswing from current levels.
On the eight-hour chart, an ascending triangle strengthens the bullish case. A confirmed breakout above $2,400 would validate this setup and pave the way towards $3,305, marking a potential gain of 46%. Broader technical structures even suggest a possible move towards the $3,000–$6,000 range in the coming months.
At the same time, ETH continues to hold strong support near $2,000. Since February, the asset has been forming higher lows, consistently from a long-term trendline. Historically, each bounce from this level has led to gains of 22% to 27%. The current consolidation around $2,000–$2,200 aligns with major moving averages, reinforcing this zone as a critical support area.
On-chain data further strengthens this foundation. A significant accumulation zone between $1,980 and $2,178, where approximately 7.4 million ETH were scooped up, acts as a buffer. If the price bounces from here, it could push above the $2,400 resistance and target the $2,800–$3,000 range, where there's another key supply cluster.
Market activity also reflects a growing dominance of buyers. The 90-day cumulative volume delta (CVD) has turned positive since mid-March, signaling increased buying pressure after
$ETH H broke above $2,200.
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