Ethereum breaks the key $3,000 level when riding the crypto market
Ethereum ($eth) has officially crossed $3,000 markto the highest ever high following Bitcoin’s explosive breakout. ETH has yet to reach the new ATH itself, but this milestone is important. This shows Ethereum’s strongest move in the months driven by the same facility fuel that Bitcoin flew over $118,000.
ETH/USD 1 hour chart – TradingView
Like $btc, Ethereum has seen significant purchasing pressure from institutional players and corporate finance ministry. Several blockchain-centric funding and tech giants are openly accumulating ETH and betting on the growing role of Ethereum in decentralized infrastructure, smart contracts, tokenization, AI integration and L2 adoption.
ETH/USD chart analysis – Get momentum
Ethereum charts over the one-hour time frame reflect the surge in Bitcoin.
Smooth MA cross and accelerated trends
The 9 EMA crossover on July 8th above the 21 EMA sets a powerful uptrend tone. The orange arrows continue the bullish momentum, highlighting the points that ETH tests support and bounces nicely.
Key Resistance Break: $2,732
ETH pushed over $2,732 and turned it into support. This confirmed the strength. When this happened, ETH never looked back and powered up to $2,980.
Psychological resistance: $3,000
The Ethereum touches the $3,000 zone and is currently stable just below it. Traders are currently monitoring integrations or clean breakouts that could send ETH to more than $3,200.
RSI of 74.59 – Strong but careful
The RSI shows high momentum and strong momentum, but traders need to monitor bearish divergence or excessive corrections in the short term.
Overall, The Ethereum chart structure is It’s almost the same as Bitcoinstrengthens that idea The entire crypto market is currently in sync– Bitcoin is led, but confirmed by Altcoin strength.
