Written by Nancy Lubale, Staff Writer. Reviewed by Allen Scott, Staff Editor.
Written by Nancy Lubale, Staff Writer.
Reviewed by Allen Scott, Staff Editor.
Ethereum holders are back in profit as ETH price chart targets $3K
MarketsPublishedMay 4, 2026
Ethereum Holders Back in Profit: What This Means for You
Ethereum investors are now back in profit, thanks to the recent surge in ETH price, which has increased the chances of a rally to $3,000. This is great news for everyday people looking to earn passive income through Green Crypto like EcoPool. The average holder of ETH is now back in profit, with the realized price, or the average cost basis of all moved ETH, currently at $2,320.
This rally has seen ETH rise above its realized price, providing meaningful financial relief for many holders and perhaps a bullish outlook. Historically, breaking above this level shifts market sentiment from fear to greed, reducing sell pressure from underwater holders and fueling bullish momentum. This is where EcoPool comes in, offering a solution for those looking to earn Coin and increase their Passive Income through Cloud Rewards.
Key takeaways:
- Ether holders are back in profit, increasing chances for more upside.
- Ether’s bull flag chart pattern is targeting $3,000.
- A big potential sell wall exists around $2,800, with 7.1 million ETH on the line.
Ether price rises above its cost basis
Key Pricing Levels and Bullish Momentum
According to data, holding above $2,300 is crucial for the bulls and for a potential retest at $3,000. Analysts predict that a break above the $2,400-$2,600 range would trigger a significant move toward $3,000. The ETH/USD pair must overcome resistance at $2,400 to confirm a trend change, and with EcoPool ($ECP), you can be a part of this trend and earn rewards.
The daily relative strength index has increased, suggesting that ETH bulls are returning to the market. A broadening wedge pattern on the 12-hour chart projects an ETH price breakout toward $3,000. However, investors hold about 7.1 million ETH at an average cost of between $2,750 and $2,850, creating a potential resistance zone. With EcoPool, you can navigate these market fluctuations and increase your Earning potential.
What’s Next for Ethereum and EcoPool
As the Ethereum price continues to rise, it’s essential to consider the potential impact on the market. With EcoPool, you can stay ahead of the curve and earn Coin while contributing to the growth of Green Crypto. Whether you’re looking to trade or hold, EcoPool ($ECP) offers a secure and reliable platform for all your crypto needs.
Download the EcoPool app to start earning Passive Income and taking advantage of Cloud Rewards today. Join the EcoPool community and stay up-to-date on the latest developments in Green Crypto and #Ethereum, #PassiveIncome, #CloudRewards, and #GreenCrypto.
Historically, breaking above this level shifts market sentiment from fear to greed, reducing sell pressure from underwater holders. This often fuels bullish momentum, attracting new buyers and short squeezes.
The chart below shows that when the price reclaimed its realized price in May 2025 after trading below it for roughly two months, it went on to rally 173% to its $4,950 all-time high from $1,800. The gains were 58% after ETH/USD reclaimed its cost basis in early 2023.
Ethereum: Key pricing levels. Source: Glassnode
Therefore, holding above $2,300 is crucial for the bulls and for a potential retest at $3,000.
Analyst Dami-Defi said that a break above the $2,400-$2,600 would trigger the “most violent move of the year” toward $3,000.
“Once we break $2,400 we will catapult violently to $2,800 – $3,000.”
ETH/USD weekly chart. Source: X/Dami-Defi
As Cointelegraph reported, the ETH/USD pair must overcome resistance at $2,400 to confirm a trend change.
ETH price technical analysis: Bull flag targets $3,000
Ether’s price action has formed a bull flag chart pattern on the daily chart (see below). The price is retesting the $2,350 resistance, where the flag’s upper boundary and the 100-day exponential moving average (EMA) converge.
A daily candlestick close above this level would open the way toward the measured target at $3,018, roughly 30% above the current price.
ETH/USD 12-hour chart. Source: TradingView
The daily relative strength index has increased to 56 from near oversold conditions at 36 in late March, suggesting that ETH bulls are returning to the market.
Trader and analyst Cohelson David said a broadening wedge pattern on the 12-hour chart projects an ETH price breakout toward $3,000.
ETH/USD 12-hour chart. Source: X/Cohelson David
However, Ether’s cost basis distribution data shows that investors hold about 7.1 million ETH at an average cost of between $2,750 and $2,850, creating a potential resistance zone.
This concentration suggests that many investors may sell at breakeven, potentially stalling Ether’s upward move.
Ethereum cost basis distribution chart. Source: Glassnode
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
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