Ethereum (ETH) Gains 5% in One Month — Can It Break $3,000?

Ethereum (ETH) has gained nearly 5% over the past month, continuing its recovery after a volatile year for the broader crypto market. Despite the recent strength, ETH remains down around 13% since the beginning of 2026, meaning the token is still working to recover losses accumulated earlier in the year.

With Ethereum now trading around $2,572, the price has pulled back from the upper-$2,700 area after failing to extend above recent highs. The broader recovery remains intact on the daily chart, but the current correction brings several important support levels back into focus.

Ethereum technical analysis

ETHUSD - 1 Day Time Frame

ETH is currently trading around $2,572, following a rejection from the resistance area near $2,790–$2,800. The latest move lower comes after several weeks of consolidation around the $2,650–$2,750 region. The nearest major support is located around $2,360–$2,400. This area formed during the latest bullish expansion and could become particularly important if the current pullback continues.

Holding above this zone could help preserve the improving medium-term structure and provide a foundation for another attempt toward the recent highs. Conversely, a sustained move below $2,360 could weaken the latest recovery and increase the possibility of a deeper correction.

Below this area, the next major support is located around $1,820. This level previously acted as an important base before ETH accelerated sharply higher in August. A deeper decline could eventually bring the broader structural support around $1,510 back into focus, although this remains considerably below the current market.

Ethereum price target

The immediate upside target is the resistance area around $2,790–$2,800. ETH has already tested this region, making it the main barrier buyers would need to overcome for the recovery to extend. A sustained breakout above $2,800 could strengthen the bullish picture and potentially open the way toward the psychologically significant $3,000 level and higher prices beyond the current chart range.

On the downside, failure to regain momentum could leave ETH consolidating between the $2,360–$2,400 support zone and $2,800 resistance. For now, $2,360–$2,400 represents the key downside area to watch, while $2,790–$2,800 remains the main upside obstacle. Holding support could leave another breakout attempt in play, while a sustained move below the zone could shift attention toward $1,820 and increase the risk of a broader correction.

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