Ethereum is showing signs of a bullish resurgence, trading recently near $2,578 as per the weekly chart. While the price is up over 3% this week, Ethereum faces many challenges on its path to $3,000. However, if that psychological and technical milestone is crossed, Ethereum’s journey to $4,000 may unfold with far less resistance.
A close analysis of ETH’s recent chart reveals that Ethereum has rebounded sharply from an important trendline support. This type of trendline support extends all the way back to mid-2022. The trendline, marked by several orange circles, has acted as a reliable launchpad during major market corrections. Most recently, ETH bounced off this support around the $2,000 zone. This move resembles those from mid-2022 and early 2023. Thus, it forms a major foundation for bullish sentiment.
Ethereum’s Heavy Resistance Zone Ahead
Directly above this base is a highly contested zone, where support has turned into resistance around $2,500–$2,600. The current price action is brushing against this barrier. It was previously a pivotal support area during the consolidation phases in early 2024 and mid-2023. Breaking above this resistance convincingly is crucial. Without clear volume and momentum, ETH risks another rejection, potentially dragging it back toward the $2,000–$2,100 support band.
What is evident from the chart is the compression of price action between rising trendline support and the overhead resistance zones. This type of price behavior typically precedes a major breakout. Additionally, given Ethereum’s current trajectory and improving macro sentiment, a breakout toward $3,000 appears possible. But it doesn’t come without turbulence.
The $2,800–$3,000 zone represents a multi-tested resistance area. ETH has struggled to maintain this level during multiple rally attempts since 2023. This range has acted as a graveyard for momentum. Each failed attempt results in sharp selloffs. Thus, any approach to $3,000 is expected to trigger strong selling pressure from market participants.
$4,000 Would Be Easier to Achieve
Yet, if Ethereum does manage to flip this critical resistance into support, the picture brightens considerably. The space between $3,000 and $4,000 is relatively free of congestion. ETH’s chart reveals little structural resistance in this band. This pattern reflects ETH’s earlier surge in early 2024, when it climbed from $2,800 to over $3,800 in just weeks. Such inefficiencies in price often lead to fast movements when retested. This is because buyers rush to capture the breakout and short sellers scramble to cover.
Additionally, the broader trendline still points upward, indicating that macro bullish momentum is intact. As long as Ethereum remains above this ascending base, the long-term bullish thesis remains valid, especially in anticipation of more Ethereum upgrades after Pectra.
Ultimately, although the next climb will test Ethereum’s resilience, breaking through could open the floodgates. With momentum, technical structure, and long-term support, moving from $3,000 to $4,000 could be simpler.
READ MORE: XRP Price on the Verge of a Breakdown as $2.25 Support Comes Into Focus
Ethereum’s climb toward $3,000, and possibly $4,000, signals a broader market sentiment shift that’s breathing new life into altcoins and meme coins alike. As major players gain momentum, the stage is set for high-potential tokens to follow suit.
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Bitcoin Pepe (BPEP)
Bitcoin Pepe (BPEP) is rapidly emerging as one of the most talked-about meme coin projects, capturing investor attention with a unique twist—it’s the first meme ICO built directly on the Bitcoin layer. By introducing the PEP-20 token standard, Bitcoin Pepe aims to bring the same utility and scalability to Bitcoin that ERC-20 brought to Ethereum.
At its foundation, Bitcoin Pepe’s ecosystem is built to deliver high-speed transactions comparable to networks like Solana. This is all while harnessing Bitcoin’s long-standing reputation as a secure and decentralized store of value. The vision behind BPEP is to transform meme coins from mere speculative assets into meaningful players within DeFi, NFTs, and Web3 gaming.
So far, Bitcoin Pepe boasts over 10 strategic partnerships, including BETV for NFT content, CATAMOTO for fair launches, and GETE for cross-chain gaming integration. Collaborations with Crypto Hunters (AR/AI experiences) and Plena Finance (smart contracts and dApps) further expand the project’s reach as it builds a meme-centric DEX and NFT marketplace.
With staking rewards already sold out and its presale ending on May 31, 2025, momentum is clearly on BPEP’s side. As it gears up for a major CEX listing, Bitcoin Pepe is set to inject the speed, energy, and vibrant community spirit of Solana’s meme scene directly into the Bitcoin ecosystem.
