Ethereum Price Prediction: ETH Price Reclaims $3,040 as Analysts Assess $3,500 Resistance and Conditional $7K Upside

A month after sharp downside volatility tested trader conviction, Ethereum’s rebound has triggered renewed optimism and heavier market engagement. Analysts are now assessing whether the current structure—supported by improving sentiment, stabilizing macro conditions, and reduced sell pressure—may signal the early stages of a longer recovery phase.

Market Recovers Above Key Levels

Ethereum is showing renewed strength after reclaiming the $3,040 price region, supported by improving sentiment and more stable macro conditions. Analyst commentary shared across trading platforms highlights rising confidence in Ethereum’s upward trajectory—provided that the current trend structure continues to hold.

As of December 22, 2025, Ethereum trades at $3,040, targeting $3,500 resistance, with bullish momentum and $2,900 as key support. Source: Crypt0_Nova via X

The latest rebound has been bolstered by Bitcoin’s stabilization above $100,000, reducing sell pressure across the crypto sector and allowing ETH to rebound from recent lows near $2,900. Compared with past recoveries near the $3,000 threshold, sustainable upside typically required multiple weekly closes above resistance. This historical pattern suggests current momentum is promising but not yet technically confirmed.

Some market participants have also been rotating into ETH spot exposure following weeks of deleveraging, supporting a cleaner chart structure. However, emerging options activity shows traders remain cautious, positioning for moderate upside rather than aggressive expansion.

Broadening Channel Pattern Signals Upside Potential

Recent chart insights suggest that Ethereum may be aligning with a broadening ascending channel pattern. According to the analyst platform Bitcoinsensus (@Bitcoinsensus), Ethereum’s chart structure continues to evolve within an upward trend formation.

As of December 22, 2025, Ethereum trades around $3,040 in a broadening channel, with $3,500 resistance and $2,800 support key for trend confirmation. Source: Bitcoinsensus via X

Ethereum continues to trade within a broadening channel structure, a pattern that historically allows for wider price swings as volatility expands. If this structure remains intact and is supported by rising trading volume, price action could gradually shift toward the channel’s upper boundary. That upper region aligns with a speculative long-term target near $7,000 per ETH, though such an outcome would require a sustained structural breakout and consistent market participation, making it a higher-risk projection rather than a near-term expectation.

Broadening channel formations often indicate widening volatility rather than guaranteed direction, meaning the scenario carries uncertainty. A failure to maintain higher lows would weaken the pattern and reduce the probability of extended upside.

Building Toward $3,350 Resistance

A separate technical overview from market commentator Satoshi Flipper (@SatoshiFlipper) highlights resistance near $3,350. The post identifies consolidation beneath a descending trendline, with bullish projections for eventual upward continuation.

As of December 22, 2025, ETH trades around $3,041, showing a potential breakout from a descending triangle toward $3,350, supported by a rising RSI and near-term bullish momentum. Source: Satoshi Flipper via X

The analysis suggests Ethereum may regain momentum if buying strength extends into the $3,350–$3,500 range—a zone that historically acted as both support and resistance. If reclaimed, it would signal returning momentum for short-term traders.

On-chain exchange balance data currently shows relatively flat movement, suggesting that while selling pressure has eased, strong accumulation has not yet resumed. This mixed signal indicates potential progress, but not decisive demand.

Elliott Wave Perspective: $3,140 Remains Pivotal

Market strategist Michael_EWpro (@Michael_EWpro) offers additional context through Elliott Wave analysis. His chart identifies $3,140 as a critical structural zone that may determine whether Ethereum continues upward or enters a deeper corrective phase.

As of December 22, 2025, Ethereum tests $3,140, a key Elliott Wave pivot, where holding could support bullish extension toward wave (5), while failure risks further corrective downside. Source: BigBullMike7335 via X

“Get ETH to flip $3,140 into support,” he noted, “or else it is wave (b).” This framework supports breakout potential toward $3,500 and above if the level holds. Failure to convert $3,140 into support, however, may signal a downward move toward the high $2,700 range.

Elliott Wave perspectives are scenario-based rather than predictive and depend heavily on validation or invalidation at known levels.

Short-Term Technical Structure Favors Bulls

Short-term technical structure remains constructive, supported by higher highs and higher lows. Buyers continue to defend the $2,910–$2,920 area, viewed as a foundation for further upside.

As of December 22, 2025, Ethereum maintains a short-term bullish structure above $2,910–$2,920 support, targeting $3,060 and $3,160, with macro conditions favoring controlled upward continuation. Source: RexTraderSignal on TradingView

Targets near $3,060 and $3,160 are emerging as early objectives if the market maintains momentum, with no major reversal signals in place while Ethereum stays above local support. A softer U.S. dollar and stabilized Treasury yields are reducing macro risk, improving conditions for large-cap assets like ETH.

Outlook, Risk Scenarios & Time Horizons

While Ethereum’s recovery is still in early stages, strengthened structure and calmer macro conditions have traders cautiously shifting back toward accumulation. Sentiment currently leans toward steady expansion rather than aggressive rallying, though volatility remains an ongoing consideration.

Ethereum’s future trajectory will depend on how the price reacts to several key levels:

• Critical support validation: Flip and hold above $3,140
• Momentum breakout zone: Extend into $3,350–$3,500
• Macro stability: Dollar trend + bond yields
• Risk appetite: Spot flows + exchange balances

If these factors align in favor of buyers, analysts believe Ethereum may move further into the mid-$3,000 range in the near term. Longer-term projections tied to the channel pattern point to potential movement toward the $7K region—but only under sustained breakout conditions and continued macro support.

Analysts caution that failure to hold above the $3,140–$3,060 zone would weaken the bullish structure and delay any higher-range projections.

What This Means for Traders

• Short-term focus: $3,060 and $3,140
• Medium-term focus: $3,350–$3,500
• Long-term speculation: $7,000 (conditional, higher-risk scenario)

These levels help distinguish between tactical opportunities and strategic, long-term positioning.

Final Thoughts

Market signals suggest Ethereum’s rally may continue as long as the price holds above major support zones and volume remains stable. While higher future price targets generate interest, analysts emphasize the need for confirmed breakouts above resistance before stronger conclusions can be drawn.

Ethereum was trading at around 3,041.84, up 1.58% in the last 24 hours at press time. Source: Ethereum price via Brave New Coin

Ethereum’s structure appears more stable than in recent weeks, supported by improving macro conditions, reduced selling pressure, and higher-low formation. Whether Ethereum reaches the next major milestone will depend on sustained buyer engagement, trend confirmation, and broader risk environment cooperation.