Ethereum (ETH) Eyes $3K as US-China Trade Breakthrough Triggers Buyer Dominance

Key Takeaways

• A de-escalation in U.S.–China trade tensions and tariff cuts has triggered broader confidence, contributing to ETH’s rise.
• Ethereum’s Seller Exhaustion Constant has jumped to 0.070, indicating bear fatigue and a shift in control toward buyers.
• Veteran chartist Peter Brandt, a known ETH skeptic, acknowledged the current pattern could trigger a “moon shot.”
• ETH has broken out of a symmetrical triangle on the daily chart and a falling wedge on the weekly chart — both bullish patterns.

Ethereum (ETH) price could be on the verge of hitting the psychological $3,000 mark. This comes after ETH’s price soared nearly 50% within the past week.

This remarkable uptrend coincides with a major geopolitical development: The U.S. and China have agreed to de-escalate tensions by slashing tariffs, a move that has boosted investor confidence across global markets.

As buying pressure increases, here’s what this could mean for ETH’s price action in the short term.

Tariff Relief Good for Ethereum

On the daily chart, Ethereum’s price has successfully broken above the upper boundary of a symmetrical triangle. This breakout sent ETH’s price briefly above $2,600 before it experienced a slight pullback.

Despite the retracement, the Money Flow Index (MFI) reading has shot up to 83.55. The spike indicates buyer dominance.

If sustained, this could keep Ethereum’s price upswing intact. Besides that, the green line of the Supertrend is below the altcoin’s value.

The supertrend measures trends by measuring volatility and price action. When the red line of the indicator is above the price, the trend is bearish.

However, when the green line is below it, then the trend is bullish.  Therefore, this recent position indicates strong support that could help extend the recent ETH rally.

Following the growing buying momentum, CCN analyzed Ethereum’s Seller Exhaustion Constant—an on-chain metric designed to spot low-risk bottoming conditions by highlighting when selling pressure has likely dried up.

Typically, market bottoms form when low volatility and seller dominance are high. A declining reading suggests continued selling pressure, but a spike can imply that bears are losing strength.

According to Glassnode data, Ethereum’s Seller Exhaustion Constant has jumped to 0.070, which suggests bears are fatigued and buyers may be ready to take control. If this condition holds, ETH’s price could continue its uptrend.

Skeptics Now Bullish

Analysts also believe that Ethereum’s price could continue its upward climb. According to pseudonymous CryptoQuant analyst ShayanMarkets, the funding rate for ETH remains muted, a sign that the recent rally is being driven primarily by spot market demand rather than leveraged derivatives.

This observation further supports the thesis that buyer dominance is currently in play.

“Currently, however, funding rates remain relatively flat, showing no significant uptick. This suggests that Ethereum’s recent price surge has been primarily driven by spot market demand rather than speculative activity in the futures market,” The analyst stated.

Before that, veteran analyst Peter Brandt opined that the current ETH outlook indicates that the price might hit new highs.

ETH Price Analysis: $3,000 Soon

Like the setup on the daily chart, analysis of the weekly timeframe shows that ETH has broken out of a falling wedge. Following this break above the upper trendline, the Relative Strength Index (RSI) has risen above the 50.00 midpoint.

The rise above the neutral line indicates bullish momentum, which could keep Ethereum trading higher. If sustained, ETH’s price might break the resistance at $2,931.

A break above this point could drive ETH above $3,000. If successful, Ethereum’s price might climb to $3,373 at the 0.236 Fibonacci level.

However, if buyers fail to sustain the current momentum, this prediction might not pass. Ethereum’s price could slide to $2,216.