For the first time since its record high in August 2025, Ethereum has accomplished a feat it hasn’t managed in over a year.
ETH has recorded a higher high for the first time in more than twelve months, successfully punching through a resistance barrier that had previously halted prior attempts to rally. Consequently, analysts are evaluating the outlook for the Ethereum price and whether a run past $3,000 is feasible this cycle.
Ethereum Is Finally Back in Its Long-Term Range
According to crypto analyst Benjamin Cowen, Ethereum has successfully re-entered its long-term logarithmic regression band, a valuation metric he applies to evaluate ETH against its historical trajectory.
“At least this cycle I don’t have to spend the whole time calling for ETH to go home, considering it’s already there.”
Cowen noted that he prefers utilizing dollar-cost averaging throughout the remainder of the US midterm year, though he maintains caution regarding the possibility of a renewed market shock heading into Q4.
Simultaneously, corporate treasuries are actively accumulating more ETH.
The Weekly Chart Has Changed
Following its peak near $4,957 in August 2025, every subsequent recovery attempt for Ethereum resulted in a lower high.
That trend is officially over. This week, ETH climbed to $2,807, and the previous resistance zone close to $2,438 has successfully flipped into support. Furthermore, the weekly relative strength index (RSI) has risen to 64. Should the asset surpass $2,920, the probability of targeting $3,400 increases significantly.
But the Daily Chart Is Flashing a Warning
Despite these gains, momentum remains a concern. While ETH continues to print higher highs, the daily RSI is forming lower highs—a technical formation known as bearish divergence that often indicates fading upward momentum.
Additionally, trading volume is on the decline.
The primary threshold to monitor sits near $2,440. Maintaining this level preserves the current bullish framework, whereas a breakdown could leave the token vulnerable to a retest of the $1,950–$2,000 region.
Frequently Asked Questions
What milestone did Ethereum recently achieve?
For the first time since its August 2025 record high, ETH printed a higher high and broke through a resistance zone that had previously blocked earlier rallies.
What is the current status of Ethereum’s weekly chart?
The weekly chart shows that ETH reached $2,807, turning former resistance near $2,438 into support. The weekly RSI has also climbed to 64, with a potential path toward $3,400 if it clears $2,920.
What warning sign is appearing on the daily chart?
The daily chart exhibits a bearish divergence, meaning ETH is making higher highs while the daily RSI forms lower highs. This, combined with falling trading volume, suggests the rally may be losing steam.
What key price levels should traders watch?
The $2,440 level acts as critical support to keep the bullish structure intact, while losing it could push prices down toward the $1,950–$2,000 zone.
