ETH: Downtrend Break Signals Path to $3000 Target

Michaël van de Poppe highlights ETH outpacing Bitcoin after clearing major lows and testing the last resistance in the current downtrend, with the $3000 target still intact once that barrier breaks.

At $2285.99, price sits inside the Bollinger Bands with upper resistance at $2299.92. The bearish structure persists as price trades below the EMA50 at $2303.86 and EMA200 at $2434.76, yet the MACD golden cross at -4.82 signals building momentum while RSI at 51.46 remains neutral. A decisive push through the upper band could open the next leg higher before any retracement tests the 50-EMA support.