Could Ethereum Flip $3K into Support? Here’s What Might Be Ahead!

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Key Takeaways

  • Ethereum is displaying some structural integrity, with a confirmed higher low on both the USD and ETH/BTC pairs. Smart money is hopping on, and the market share is growing, all pointing towards ETH as the new darling.

Let’s take a step back, shall we? Ethereum’s [ETH] 20% weekly rally fits perfectly into the broader “risk-on” vibe. Oh, and Bitcoin [BTC]? It’s been printing three lovely green weeks in a row.

That strength helped ETH breezily break through two resistance zones. In fact, since mid-June, ETH has rebounded over 50%—double the move Bitcoin managed in the same period. Clearly, ETH’s got its act together, while BTC might still be figuring things out.

But wait, there’s more! A lovely 6% daily pump for ETH (the strongest among the top majors, mind you) is highlighting a growing divergence between the two. A bit of a sibling rivalry, if you will. 😏

And to make it even juicier, the ETH/BTC pair just printed its first higher low since 2023. 😱

Now, let’s talk technicals. A higher low forms when price finds support above the previous swing low, suggesting that buyers are actively defending higher levels. In the past, this has been a precursor to a sustained upside. Kind of like when you finally understand a joke, and then it’s hilarious. 💡

Take May’s rally, for instance. ETH/BTC flipped structure and ripped almost 100% off the lows. On the USD chart, ETH bounced off the $1,850 level, rallying close to 40%. A clear rotation out of BTC and back into ETH. Seems like ETH was the cool kid at the party.

The catch? The move never locked in a higher low, and the momentum eventually fizzled out like that embarrassing dance move you regret. 😬

But now, the structure is shifting again. Is this the start of something bigger? And is $3,000 the next solid base for Ethereum to build from? 🏗️

Ethereum’s Move Has Legs

Capital is moving into ETH with intention. It’s like the stock market has decided ETH is where the cool kids hang out. 😎

To add to that, Lookonchain flagged three sizable whale entries, millions in ETH being picked up like it’s Black Friday. High-conviction buys, people! These whales know what they’re doing.

So, putting it all together: strong structure, smart money flow, climbing dominance… ETH is looking anything but reactive. It’s carving its own path and could very well turn $3,000 from a ceiling into a launchpad for the next big thing. 🚀

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2025-07-16 22:23