With Ethereum (ETH) price consolidating below a crucial resistance level of around $2,380 on May 5, trading expert Ali Martinez has issued a bold near-term prediction.
Martinez predicted that Ethereum price could rally to retest $3,000 if it consistently breaks above $2,380. The bullish thesis is bolstered by renewed interest for ETH from whale investors at this key barrier, which represents its realized price – the average price at which every token last moved on-chain.
“With whales on a buying spree, accumulating over $300 million in $ETH in the last few days, the smart money is positioning for a breakout. Watch the $2,380 resistance; a confirmed daily close above it could trigger the run to $2,921 or even $3,000,” Martinez noted.
Top reasons why Ethereum price could surge soon
As Martinez highlighted, the ETH price could rally towards $3,000 soon, fueled by renewed interest from whale investors. Building on this point, the United States spot ETH exchange-traded
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