Ethereum Price Forecast: $3,000 Support Maintained – Could This Lead to a $5,000 Surge?

Ethereum is holding onto the $3,000 threshold, a price point that consistently draws steady buying interest despite the recent downturn. Currently, ETH is trading at $2,997.90, reflecting a 1.35% decline over the past day, with a market capitalization of $361.8 billion. Although the price action is under strain, the persistent defense of this area by buyers indicates a market poised for a significant shift.

As sentiment improves within the wider cryptocurrency market, traders are once again pondering the question: is Ethereum subtly laying the groundwork for a surge towards $5,000?

Ethereum (ETH/USD) Technical Analysis: Bearish Channel Still Dominant

The daily chart for Ethereum reveals that the market is confined within a distinct descending channel, a pattern that has defined each rebound since mid-October. The recent rejection at $3,108, just below the 20-day EMA, underscores the strength of short-term resistance.

Recent candlestick formations tell a similar tale, featuring small bodies, lower wicks, and uncertainty that reflects active buyers, albeit with limited conviction.

Ethereum is maintaining its position at $3,000 but remains within a descending channel. Significant support is located at $2,632. A rebound aims for $3,108 and $3,666; a breakout would revive the pathway toward $4K+. #ETH #Ethereum #Crypto pic.twitter.com/K8oswQpvHj

— Arslan Ali (@forex_arslan) November 29, 2025

The risk of downside remains concentrated on $2,632, a pivotal support level that coincides with a long-term ascending trendline established in early 2023. This intersection creates the most crucial technical zone on the chart.

Meanwhile, the RSI hovering around 40 indicates weak momentum but not fully oversold conditions, allowing the possibility for both continuation and reversal.

Key bearish indicators include:

• Price remains below the upper boundary of the descending channel
• Inability to reclaim the 20-EMA
• RSI not showing any bullish divergence

What Ethereum Needs to Break the Downtrend

The price forecast for Ethereum appears bearish given the descending channel. However, a significant change would necessitate a daily close above $3,108, which would signify Ethereum’s first structural break since the onset of the decline. This level also lies directly beneath $3,666, a price zone where sellers previously entered aggressively earlier this quarter. Beyond that, the chart opens toward $4,242, the key resistance that capped ETH’s summer rally.

If ETH can break through the channel and reclaim these levels, momentum could escalate rapidly. This shift would transition the narrative from recovery to potential growth, possibly targeting the $5,000 area, especially if broader risk appetite improves and on-chain activity picks up in early 2026.

Trade Setup and Outlook Toward $5,000

For traders, the most favorable setup remains near $2,632. A robust bullish engulfing candle or a higher low from that trendline could present a controlled long opportunity with stops set below $2,500. This would create a logical pathway back toward $3,108, $3,666, and eventually the $4,200–$5,000 range, provided breakout momentum develops.

Ethereum Price Chart – Source: Tradingview

With Ethereum safeguarding its long-term structure and the market exhibiting early signs of stabilization, this phase may present a constructive opportunity for strategic positioning, particularly for investors monitoring upcoming presales and larger-cycle catalysts.

Maxi Doge: The Meme Coin Built for Maximum Hype

Maxi Doge is surging in popularity as traders flock to its vibrant meme identity and rapidly expanding presale. Having raised over $4.22 million, it is swiftly emerging as one of the standout meme tokens of the year.

The project combines bold branding with genuine engagement features, from ROI contests to continuous community events, giving it more character and momentum than typical dog-themed coins. Its dynamic, leverage-focused mascot has already transformed Maxi Doge into a recognizable cultural coin.

Holders can also stake $MAXI for daily rewards through smart contracts and gain access to exclusive competitions and partner events. The staking utility introduces a passive-earning aspect that keeps users engaged and invested in the ecosystem.

With $MAXI currently priced at $0.0002705 and the next increase on the horizon, the presale continues to gather momentum. If you’re searching for a meme coin characterized by hype, personality, and genuine community energy, Maxi Doge is becoming one to keep an eye on.

Click Here to Participate in the Presale

The post Ethereum Price Prediction: $3,000 Key Level Defended – Is This the Setup for a $5,000 Breakout? appeared first on Cryptonews.