Ethereum has just done something it has not managed since its August 2025 record high.
For the first time in more than a year, ETH has printed a higher high. It has also pushed through a resistance zone that repeatedly stopped previous rallies. So, what does this mean for Ethereum price? Will it break $3,000 this cycle?
Ethereum Is Finally Back in Its Long-Term Range
Crypto analyst Benjamin Cowen says Ethereum has returned to its long-term logarithmic regression band, a range he uses to estimate where ETH sits relative to its historical trend.
“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 has said he favors dollar-cost averaging through the second half of the US midterm year, while still leaving room for another market shock later in Q4.
Meanwhile, corporate treasuries continue adding ETH.
The Weekly Chart Has Changed
Ethereum peaked near $4,957 in August 2025. Every major rally that followed ended with a lower high.
That pattern has now broken. ETH reached $2,807 this week, while the former resistance around $2,438 has turned into support. The weekly RSI has climbed to 64. A move above $2,920 would strengthen the case for a push toward $3,400.
But the Daily Chart Is Flashing a Warning
The problem is momentum. ETH keeps making higher highs, while the daily RSI is making lower highs. Traders call this bearish divergence. It can signal that a rally is losing strength.
Trading volume is also falling.
The key line is now around $2,440. Holding it keeps the bullish structure intact. Losing it could expose the 1,950–2,000 area.
ETH daily chart. Source: TradingView Read the Original story Ethereum Breaks a Year-Long Pattern. The Chart Still Has One Warning by Jakub Dziadkowiec at beincrypto.com