Trading Expert Suggests New Ethereum Price Target of $3,000

▲ Ethereum (ETH) / ChatGPT generated image ©

As Ethereum (ETH) pauses before the $2,380 resistance level, the possibility of retesting $3,000 has re-emerged, driven by a combination of whale accumulation and ETF inflows.

According to crypto media outlet Finbold on May 5 (local time), trading expert Ali Martinez predicted that if Ethereum definitively breaks above $2,380, it could rise to $3,000, passing through $2,921. He noted that whale investors have accumulated over $300 million worth of ETH in recent days, diagnosing that a daily closing price break above $2,380 could trigger an upward rally.

The reason this price level is important is that the area around $2,380 represents Ethereum's Realized Price, which is the average price at which each token last moved on-chain. The media pointed out that the renewed strength in whale buying in this range supports the short-term bullish outlook.

The supply and demand environment is also improving. US spot Ethereum ETFs recorded net outflows of over $2.8 billion from November 2025 to March 2026, but switched to net inflows of $355 million in April. In May, approximately an additional $162 million has already flowed in, and according to SoSoValue, these products currently hold about $13.97 billion worth of ETH.

A resurgence of interest has also been observed in the derivatives market. According to CoinGlass, Ethereum's Open Interest (OI) has increased from $23.2 billion on February 6, 2026, to approximately $33.54 billion currently. This indicates a steady recovery in the scale of participation in the ETH futures market over the past three months.

Furthermore, the US Senate's preparation to pass the CLARITY Act, a bill concerning the structure of the US cryptocurrency market, was also cited as a factor in the recovery of investor sentiment. The media reported that the optimism among Ethereum investors is strengthening again, driven by a combination of whale accumulation, a shift to inflows for spot Ethereum ETFs, increased open interest, and regulatory expectations.

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