Ethereum Gets Rejected From a Crucial Range-Will This Hinder the ETH Price Rally to $3000?

Ethereum shows enormous strength and surpasses most cryptos, including Bitcoin. The price rose and reached the crucial resistance levels, which were no longer seen since February, but did not succeed in exceeding the reach, which resulted in a remarkable withdrawal. Earlier, the rejection of the range had dragged the levels to the lows below $ 1400. So the question arises as to whether the ETH price will take a strong revival of $ 3000 new life.

Regardless of the long-term price, the ETH price is ready for a strong recovery in the short term, since the 50/200-day MAS has undergone a Golden Cross. In the long term, however, the price is expected to be confronted with some upward pressure because the token has fallen under a crucial resistance zone. Earlier a strong purchase volume followed on this rejection, which pushed the price to $ 4000.

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The ETH prize has witnessed the strongest rise of 1 months in recent times after the rebound that it underwent on 7 April 2025. In the meantime, the prize was confronted last week with extreme upward pressure, which the rally stopped and was precisely rejected at the 50-day weekly MA. This rebound is technically the new bullish leg of the multi -year -old rising wedge. The 1-week MA 50 turned into a resistance when it last broke in the week of January 27, 2025. As soon as it breaks and closes above the range, one can expect a strong bullish upswing that happened at the end of 2024.

That is why all eyes will now be on the current weekly closure, which is now expected to rise above the 200-day weekly MA and surpasses the 50-day ma. Since the weekly MACD has already become bullish, it is assumed that the ETH price will experience a strong increase in the psychological barrier at $ 4000. However, breaking this barrier is extremely crucial to retain the bullish trend to a new ATH.

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