Ethereum holds $3 after technical breakout and on-chain signals.

• Ethereum holds support at $3.000 after breakout.
• Neutral RSI indicates consolidation above support.
• Active Ethereum addresses are growing again.

Ethereum remains in focus in the cryptocurrency market after breaking out of a descending parallel channel on the daily chart and turning a former resistance zone into support near $3.000. The technical move reinforced the perception that buyers managed to defend a level considered strategic, while the price remains consolidated below a relevant resistance.

After recently reaching a significant supply area, ETH faced selling pressure, resulting in consecutive bearish candles. This region coincides with long-term moving averages, which increased the difficulty of an immediate continuation of the upward trend. Even so, the price managed to maintain its structure above the new support, keeping the technical reading constructive in the short and medium term.

Indicators point to a moment of equilibrium. The Relative Strength Index (RSI) has retreated from the overbought zone and is now operating in neutral territory, suggesting a slowdown in the buying pace without invalidating the prevailing trend. Analysts highlight that the daily trendline remains intact, as long as Ethereum stays above the lower support range established after the breakout.

In shorter timeframes, the asset shows consolidation just above the previous breakout zone. The pattern indicates the formation of a base after a more impulsive rally recorded last week. The presence of a descending trendline at the top has limited more aggressive movements, while the current range acts as a decision area for the market.

If buyers manage to overcome the immediate resistance, the technical scenario opens up space for a new test of the upper region, with the possibility of extending the movement to higher levels. On the other hand, a consistent loss of support, accompanied by increased volume, could lead the price to revisit areas of greater demand convergence observed previously.

In the on-chain field, the signals are also noteworthy. The 30-day simple moving average of active Ethereum addresses has risen again and remains above 400, after a pullback observed in the third and fourth quarters of 2024. This level is similar to that recorded during the network's last major upward trend.

The increase in activity suggests an improvement in Ethereum's fundamentals, possibly driven by the renewed use in decentralized finance (DeFi) applications and the redistribution of flows within the ecosystem. Historically, the expansion in the number of active addresses tends to accompany more sustainable price movements, reinforcing the view of consistent demand for the cryptocurrency.