Will Ethereum Price Rise to $3000?: ETH Buyers are Back

Key highlights

• ETH continue to trade within a parallel consolidation pattern

• Ethereum buyers are back with 2 days of consecutive exchange netflows

• Ethereum whales purchase 514k ETH

Ethereum stuck in Consolidation

While Bitcoin has made multiple all-time highs this cycle, Ethereum has not made any new highs. Ethereum has not only decoupled from Bitcoin, but it's moving in a different direction. In 2025, the altcoin has not surpassed $3.7k. During the same time, Bitcoin has rallied to a new all-time high of $111k.

Ethereum price chart shows a recent upward trend, with the price at $2,647.47, reflecting a 1.46% increase. The RSI indicates momentum, suggesting potential market strength.

Additionally, ETH has mostly traded within a descending pattern over the past months until May when it signaled potential recovery. After recovering from $1.4k, Ethereum seemed like it was set to rally. However, after this price recovery, ETH has failed to pass above $2.7k resistance level.

For the last month, Ethereum has traded within a parallel channel. The altcoin has remained stuck within a consolidation range of $2.4k and $2.7k. A prolonged stagnation in ETH price movement reflects a strong battle between Ethereum bulls and bears. After a long month of consolidation, the question is; Will the Ethereum price rise to $3000?

Will Ethereum Price Rise to $3000?

After a strong period of consolidation, Ethereum is attempting to break out with buyers taking charge of the market.

Chart of Ethereum exchange netflow trends over time, highlighting fluctuating inflows and outflows against the backdrop of Ethereum's price movement.

Ethereum buyers have made significant purchases over the last 3 days. With the rising buying activity, exchanges are starting to record negative netflow. The last 2 days, have seen the largest two days of consecutive netflows with 125k and 118k ETH respectively.

Over the last 5 days, exchange netflows have been mostly negative. Five days of negative netflows indicates massive accumulation with exchanges recording more buying activities than selling ones.

Chart illustrating ETH whale netflow with fluctuating patterns and corresponding Ethereum price movements, highlighting significant activity and market impact.

With buyers active in the exchanges, even whales are not left behind. Ethereum whales are back in the market and are buying ETH in significant numbers. On-chain data shows that Ethereum whales have bought at least 514k ETH over the last day. The buying from whales has left whale buyers as the majority in the market with 120k Eth in netflows. This data shows that whales are also aggressively buying.

With whales and other market players also buying, these two combined set Ethereum towards a potential rally. In conclusion, Ethereum prices can rise to $3000. With the current market behavior and supply dynamics, ETH is on the right path to $3k. If the trend continues and bulls manage to displace bears, there's no other barrier below $3k. A breakout from $2.7k will push ETH to the next resistance around $3.1k.