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David Tevzadze
David Tevzadze

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💥 Can Ethereum Flip $3K Into Support? What’s Next for $ETH

📊 Ethereum’s 20% weekly rally fits the broader risk-on shift, outperforming $BTC with a 50% rebound since mid-June. The ETH/BTC pair just printed its first higher low since 2023 — a key bullish signal.

📉 Why this matters? In May, ETH surged without confirming structure, and the move fizzled. Now, the new higher low suggests real buyer strength, potentially setting up a sustainable uptrend.

🚀 Ethereum dominance (ETH.D) just posted its biggest green daily candle in 2 months and has risen to 10.33%, the highest in Q2–Q3. That’s a clear signal: capital is rotating back into ETH.

🐋 Smart money agrees. Lookonchain tracked large whale entries, showing strong conviction as millions in ETH were scooped up during the breakout.

🧠 Bottom line: ETH isn’t just riding BTC’s wave. It’s building its own trend. If $3K holds as support, Ethereum may be carving out a new base for a potential run toward $3.4K–$3.8K next.

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