Ethereum Gathers Strength: Eyeing a Breakout to $3,000 as 67 Million ETH Near Profit

Ethereum (ETH) is on the move again. After a nearly 40% surge last week, its price has stabilized above $2,500 — and the market is heating up. With nearly 67 million ETH on the verge of turning profitable, the conditions are aligning for a potential rally. And this isn’t just theory — the technical setup and liquidation pressure suggest a breakout could be imminent.

🔥 42% Rally and the "Three White Soldiers" Signal Between May 8 and May 10, ETH skyrocketed from $1,812 to $2,584, forming three consecutive bullish candles — known as the Three White Soldiers pattern. This formation is widely regarded as a strong bullish reversal signal, indicating sustained buying pressure. This movement has completed a classic rounded bottom formation, typically seen at the start of a new uptrend. After reaching a two-year low of $1,386 during the trade war period, ETH has now climbed above the March 2 peak at $2,517, confirming a bullish reversal. If this momentum holds, analysts project an 81% rally, targeting the $4,570 range.

📊 Technical Indicators Back the Bulls ETH is trading above the 200-day Exponential Moving Average (EMA) — a key bullish milestone. RSI is approaching the overbought zone, confirming strong buying dominance — but also hinting at the possibility of short-term pullbacks. ❗ However, a drop below $2,430 (200-day EMA and 50% Fibonacci level) would invalidate the uptrend, potentially sending ETH back toward the 100-day EMA at $2,144.

💣 $1.5 Billion in Liquidations on the Line Coinglass liquidation maps reveal massive pressure building:

🔹 A 3% price increase (to $2,586) could liquidate $786 million in short positions

🔹 A 3% drop (to $2,438) would threaten $715 million in long positions In short — a 3% move in either direction could trigger a cascade of forced liquidations, fueling significant volatility.

📈 67 Million ETH Approaching Profitability According to IntoTheBlock, 6.61 million investors currently hold 66.96 million ETH, which is on the verge of turning profitable. Their average entry price is between $2,360 and $2,557, with a mean at $2,462. Once ETH crosses $2,557, nearly 67 million ETH becomes profitable — a key psychological threshold. This could bolster market confidence, create strong support, and drive continued bullish momentum.

💡 Summary: Is $3,000 the Next Pit Stop? The conditions are lining up:

🔹 Strong bullish technical patterns

🔹 RSI confirming upward momentum

🔹 High liquidation risk in both directions

🔹 Massive ETH supply on the edge of profitability If ETH crosses the psychological $3,000 level, it could accelerate toward the projected $4,570 target. However, a sharp reversal below support would break the bullish structure — meaning traders are now walking a tightrope between breakout and pullback.

#Ethereum , #CryptoAnalysis , #ETH , #bullish , #CryptoMarket

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