According to @CryptoMichNL, ETH is testing the 20-day moving average and a clean break above it would confirm an upside breakout while the broader trend remains up, though near-term momentum is shaky, source: @CryptoMichNL. A loss of the $2,775 level could trigger a cascade lower and invalidate the bullish structure, source: @CryptoMichNL. A decisive move through $3,000 opens room for a rapid run toward $3,650, source: @CryptoMichNL.

According to @doctortraderr, traders have increased their long positions on ETH with the specific target of pushing the price above the $3,000 resistance level (Source: Twitter/@doctortraderr, June 6, 2025). This surge in leveraged long interest could trigger heightened volatility and potential liquidations, making the $3,000 mark a key level for short-term trading strategies. Market participants should closely monitor on-chain and derivatives data for confirmation of sustained bullish momentum and prepare for possible rapid price swings.