Ethereum Price Surges Past $3,000: Is a $3,500 Rally Next?

Key Insights:

• Ethereum price surged 10% in 24 hours, breaking through the key $2,840 resistance and trading above $3,000, signaling strong bullish momentum.
• Analysts’ playbooks triggered upside targets, with the clean reclaim of $2,840 flipping the level into support and opening the path toward $3,000–$3,200.
• Long-term bulls highlight DCA zones at $2,200, $1,500, and $1,100, reinforcing confidence in Ethereum’s broader uptrend despite short-term volatility.

Ethereum price blasted through $3,000 on December 2, 2025, capping a 10% surge in the last 24 hours that flipped $2,840 from stubborn resistance into support, a textbook bullish reversal that has analysts eyeing $3,200 as the next milestone amid renewed risk appetite.

Trading at $3,002.67 with a $362.4 billion market cap and $26.58 billion in daily volume, per CoinMarketCap data as of December 2.

ETH’s move aligns with a higher low bounce from $2,620 that avoided a deeper sweep, as analyst Lennaert Snyder (@LennaertSnyder) outlined in his X post.

This clean reclaim, confirmed by a four-hour candle close above $2,840, triggers scalp-long setups for quick gains, while long-term holders point to dollar-cost averaging (DCA) zones at $2,200, $1,500, and $1,100 as unshakeable demand floors, per Ali Martinez (@ali_charts) in his December 1 analysis.

With community sentiment at 82% bullish from 2 million CoinMarketCap votes, the surge reflects whale conviction, a major long position opened amid the rally and broader crypto rebound, as Bitcoin stabilized above $88,000.

Technical Flip: $2,840 Becomes the Launchpad for Ethereum Price

Ethereum price respected key levels with precision. Snyder’s chart, shared in his December 2 post, plotted ETH’s 4-hour candles against $2,840, noting a “weak low” bounce rather than a liquidity sweep below $2,620.

“If we reclaim $2,840 resistance, I’ll be looking for scalp-longs to $3,000,” he wrote, a call validated hours later as price closed the session above the pivot.

Replies poured in, with @domenserg seeking confirmation: a 4H open and close above resistance, which Snyder affirmed.

This flip in Ethereum price echoes 2021’s $2,000 breakout, where a similar resistance turn fueled a 50% run in weeks, per CryptoQuant’s historical analysis updated December 1.

Volume backed the move: Spot trading jumped 40% to $26.58 billion, outpacing the 7-day average, CoinMarketCap shows, with $3.02 billion in ETH futures open interest rebuilding as of December 2.

RSI climbed to 62 on the daily chart, bullish but not overheated, while MACD crossed positively, signaling a momentum shift.

Snyder added nuance in replies: “Scalping is the way here,” dismissing macro noise as a technical trader. The $3,000 zone now acts as a profit-taking ledge, but holds above $2,840 to keep shorts at bay, targeting $3,200 where 2025 highs cluster.

Ethereum Price Long-Term Anchors Intact

Longer horizons reinforce the uptrend. Martinez’s December 1 post mapped DCA zones at $2,200 (near the 200-week MA), $1,500 (2024 demand shelf), and $1,100 (cycle low), levels aligning with past bottoms after 30-60% pullbacks.

“Accumulate between $2,200, $1,500, and $1,100,” he advised, a strategy echoed in replies like @seeking_trader’s: “DCA then stake to compound while EIP-1559 keeps net supply lower and ETF flows add bid.” With 74% of ETH unmoved in 12 months per Glassnode’s December 2 data, these zones represent HODLer conviction, not panic sells.

The resilience in Ethereum price ties to fundamentals. Post-Dencun upgrade in March 2025, layer-2 fees dropped 90%, boosting TVL to $45 billion on DefiLlama as of December 2—up 15% weekly.

Ethereum ETF inflows flipped positive on December 1 with $180 million, reversing November’s $1.64 billion outflows, Farside Investors reported December 2.

Meanwhile, whale activity amplified the surge: A large long position opened at $2,850, per CoinMarketCap’s highlighted trend, mirroring Santiment’s December 1 note on a 12% uptick in 100+ ETH transfers.

Ethereum price’s breakout ripples outward. Solana and XRP gained 6-8% in tandem, lifting the altcoin index 7%, as stablecoin inflows hit $1.2 billion daily on Curve, per their December 2 dashboard.

Macro tailwinds align. The Fed’s QT halt on December 1 eased liquidity strains, with PCE inflation data due December 5 eyed at 2.8%, Bloomberg previewed on December 1, potentially greenlighting cuts that favor risk assets.

Ethereum’s dominance rose to 18.5% from 17%, CoinMarketCap shows, as Bitcoin’s 32% YTD lag prompts rotation.

$3,500 in Sight, But Volatility Lingers for ETH Price

Ethereum price eyes $3,200 next, a 6.6% lift from current levels, where supply walls thin per URPD data from Glassnode on December 2.

Meanwhile, a pullback to $2,840 would test the new support; hold, and December closes strong. Analysts like Snyder flag $2,700 as the invalidation low, but with 82% bullish votes, conviction runs deep.