Ethereum Treasury Firms' Buying Spree Continues: Is $3,000 Next?

Ethereum is trading near $1,884 this week, holding steady above a support zone that has caught buyers before. The Ethereum price prediction from several chart watchers now points to $3,000 as the next big target, but the path there is not a straight line.

ETH slipped 1.39% this week, according to Binance data, closing at $1,884.15 after touching a low of $1,853.62. Trading volume came in at 744.69K ETH, a sign that activity remains steady even as price chops sideways.

What is Ethereum's price doing today?

The weekly chart shows that the altcoin is sitting inside a long-term ascending triangle. This pattern has a rising support line on the bottom and a flat resistance zone near $4,500 to $5,000 on top.

Analyst Ali Charts, who tracks $ETH on a weekly basis, pointed out that $1,580 has acted as a launchpad more than once. Each time price touched that zone, a strong rally followed.

That table shows a pattern. Every time ETH found buyers near this zone, it moved higher afterward. Past performance is not a promise, but the repeated bounce is worth watching.

Why $1,500 to $1,900 matters for $ETH

Chart analysis has flagged the $1,600 to $1,900 range as a long-term accumulation zone. This is where buyers have stepped in again and again over the past few years.

The current price near $1,884 sits close to the lower end of that structure. If ETH holds this zone and starts climbing, the first resistance to watch is $2,000 to $2,200.

A break above that area could open the door to $2,500 and then $3,000, based on the triangle pattern still forming. Beyond that, $3,500 to $4,100 becomes the next stop if momentum keeps building.

Could Ethereum reach $5,000 again?

A decisive weekly close above $4,500 to $5,000 would be the strongest signal for bulls. That level has rejected price multiple times already, based on the chart history.

If the altcoin clears that resistance with real volume behind it, some technical projections suggest a move toward $6,000 to $7,000 over the longer run. Other chart-based targets have pointed even higher, above $5,500, following a full breakout of the pattern.

None of this is guaranteed. The altcoin has failed at this resistance before, and it could happen again.

What happens if Ethereum loses support?

The bullish case only holds if $ETH stays above its rising trendline. A drop below $1,500 to $1,600 with heavy selling on the weekly chart would weaken the setup.

In that case, downside targets could open toward $1,300, and possibly down to $1,000 in a worse scenario. The $1,500 to $1,560 zone has already been flagged as an important support area to watch.

The RSI on the weekly chart currently sits at 42.14, which is below the neutral 50 line. This suggests momentum is leaning slightly bearish for now, even though price is holding.

Why are Ethereum treasury companies in the news?

Beyond the charts, real money movement is shaping the Ethereum story. SharpLink, the second-largest Ethereum treasury company on Nasdaq under the ticker SBET, announced plans to stake $200 million worth of ETH through the Lido protocol.

The company will receive wstETH in return, representing its staked ETH plus rewards, with Anchorage Digital acting as custodian. Lido currently holds around $16.5 billion worth of staked ETH, and wstETH is used across more than 100 protocols, with roughly $10 billion tied up as collateral.

Not every Ethereum treasury story is positive, though. FG Nexus, a Nasdaq-listed firm formerly known as Fundamental Global, sold all of its digital assets by June 30.

This ended its Ethereum treasury strategy less than a year after it began, even though its ETH holdings had once peaked above 50,000 coins.

FG Nexus booked an overall loss of $45.207 million from the exit, including a $41.167 million loss on its ETH holdings. The firm now plans to shift its capital toward real estate.

Meanwhile, Norway's sovereign wealth fund disclosed indirect Ethereum exposure through roughly $81.87 million in BitMine Immersion Technologies shares. BitMine has reported holding close to 5.8 million ETH, with the bulk of it staked.

On the fund flow side, spot ETH ETFs in the US saw $6.72 million in net inflows this week, led by Grayscale's Ethereum Mini Trust with $6.47 million. It is a modest number, but it shows inflows have not turned negative.

Fed rate expectations are also part of the picture. Odds of a September rate hike have dropped to 32.9% after inflation data came in mixed, with CPI meeting expectations and PPI landing below forecasts. Lower rate hike odds are often seen as supportive for risk assets like ETH.

Is Ethereum a buy right now?

Ethereum sits at a crossroads. The $1,580 to $1,900 zone has been a launchpad before, and the weekly structure still points to a possible move toward $3,000 if support holds.

At the same time, RSI readings below 50 and the mixed treasury company news show this is not a one-way bet. Traders will likely watch the $2,000 level closely in the coming weeks for confirmation either way.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Price predictions and technical analysis discussed here are based on chart patterns and publicly available data, and are not guarantees of future performance. Always do your own research and consult a licensed financial advisor before making any investment decisions.