Ethereum’s Weekly RSI Hits Key Resistance as $3,000 Target Comes Into View

ETH weekly RSI nears resistance, signaling a potential breakout toward $3,000.

Strong volume and ETF inflows support bullish momentum above the $2,500 demand zone.

Short positions peak as network upgrades and institutional activity drive upside pressure.

Ethereum is showing early signs of renewed momentum as technical indicators suggest a breakout may be near. The weekly RSI is currently pressing against a key trendline resistance, which could lead to a strong move toward the upper boundary of a broadening wedge pattern. ETH is trading at $2,465.

RSI Pressure, Volume Activity, and Network Strength Support Upside

According to analysis prepared by Titan of Crypto, Ethereum’s RSI pressure near trendline resistance is creating conditions for a potential breakout. The price has been trading in the $2,400–$2,700 range, and a breakout above the upper range could trigger a push toward $3,000.

A double-bottom pattern near $2,495 has formed, signaling technical strength. This has been supported by strong intraday volume, including one hourly candle that recorded 158,553 ETH in trade volume. Price action has remained above $2,500, validating this level as a key demand zone.

Source: Cyclop(X)

According to an observation by Cyclop on X, Ethereum short positions are near all-time highs, while liquidity sweeps on both sides suggest that uncertainty may favor a move upward. Cyclop has placed early targets at $3,000, with expectations of further gains up to $4,000 during the summer months.

ETF Inflows, Infrastructure Updates, and Institutional Activity Rise

The Ethereum network has recently undergone validator architecture improvements, which aim to enhance security and decentralization. These updates have drawn interest from institutions seeking reliable staking infrastructure. At the same time, Ethereum continues to support the largest stablecoin deposits in the industry.

Investor interest has also been reflected in exchange-traded funds. According to recent market data, Ether ETFs posted net inflows of $283 million last week, extending a streak of seven weeks of positive movement. Open interest in Ethereum futures also remains elevated at $35.36 billion.

Traders are watching for Ethereum to hold above $2,500 and push through $2,575–$2,600 resistance. A monthly close above this zone could reinforce a stronger trend, while attention also turns to macro events, including Federal Reserve Chair Jerome Powell’s remarks on July 1.

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