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Ethereum shows strong buy pressure and nears breakout above $2,650, eyeing $3,000 target.

Technical Signals
16 Apr 2026
CoinPedia
View Source
Bullish
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Ethereum is showing signs of a bullish breakout as buy pressure surges above key levels, with the price holding steady in the $2,100–$2,200 demand zone. The taker buy/sell ratio exceeding 1.03 indicates strong buyer interest, suggesting accumulation despite price being below previous highs. On-chain activity is stabilizing, signaling a potential market shift from downtrend to buildup. A breakout above $2,650 resistance could accelerate momentum toward the $3,000 level, making this a critical phase for Ethereum's price direction.

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