Ethereum (ETH) Price Analysis: Bulls Eye $3K Following Breakout Above $2.7K Resistance

Ethereum has extended its recovery from September lows, trading near $2.73K after surpassing the $2.7K resistance level. While the short-term structure has improved with the price moving above the 100-day and 200-day moving averages, the asset is approaching another major resistance zone at $3K. If the current breakout holds, the $2.7K level may serve as support, with further downside support located at $2.5K and $2.1K.