Ethereum (ETH) is currently one of the best-performing cryptocurrencies in the daily charts among the top 100 projects by market cap. According to CoinGecko data, ETH’s price has surged by 9% in the last 24 hours, 12.7% in the last week, 16.9% in the 14-day charts, 12.9% over the previous month, and 45.6% since April 2025. Let’s discuss if Ethereum’s (ETH) latest price rally will finally push the asset towards the $3k price level.

Ethereum price chart
Source: CoinGecko

Will Ethereum’s Price Rally Push It To The $3k Mark?

Ethereum STATS
Source: Pixabay

Ethereum (ETH) has hit its highest price level since early February 2026. The rally comes amid a market-wide resurgence, following Bitcoin’s (BTC) climb to $74,000. BTC seems to be facing some resistance at its current price level, a development which is not very surprising. BTC has tried to breach the $74,000-$75,000 price level on multiple occasions over the last few months.

Ethereum’s (ETH) latest rally comes amid a CryptoQuant report that highlighted how ETH wallets holding more than 100,000 ETH briefly entered a state of net unrealized loss. Historically, such a development has preceded a price rally. Ethereum’s (ETH) latest upswing follows the historical pattern. If ETH sustains its rally and breached the $2500 price level, we could see a continued rally. However, a correction below $2000 could trigger another dip.

While Ethereum’s (ETH) latest upswing has reignited investor hopes, there is a chance that we could face a price dip soon. The market is still quite weak and volatility remains high. Tensions in the Middle East are far from over, and re-escalation could trigger another sell off.

Moreover, there is a very low chance of an interest rate cut from the Federal Reserve after its April meeting. Higher rates could keep investors away from risky assets.

Also Read: Ethereum Enters “Cheap” Territory Seen Only Twice Before in History

Furthermore, the cryptocurrency market could face its largest liquidation event of 2026. $2.8 billion worth of crypto assets are expected to hit the market before April 15, 2026. Such a move could wreak havoc for Ethereum (ETH).

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