Ethereum Breaks Its Lower-High Streak, but Momentum Signals Caution

ETH has now registered a higher high for the first time in more than a year. It has also cleared a resistance zone that had stopped earlier rallies on multiple occasions. What does that mean for the price of Ethereum? Will this cycle take it beyond $3,000?

Ethereum Finally Returns to Its Long-Term Range

Benjamin Cowen, a crypto analyst, says Ethereum has made its way back into its long-term logarithmic regression band, a range he uses to judge where ETH sits compared with its historical trend.

“At least this cycle I don’t have to spend the whole time calling for ETH to go home, considering it’s already there.”

The analyst has expressed support for dollar-cost averaging through the second half of the US midterm year, while keeping some room for another market shock in late Q4.

Corporate treasuries, meanwhile, are continuing to add ETH.

A Shift on the Weekly Chart

In August 2025, Ethereum topped out close to $4,957. Subsequent major rallies all finished with a lower high.

That run of lower highs has now snapped. ETH reached $2,807 this week, and the former resistance around $2,438 is now serving as support. On the weekly chart, RSI has advanced to 64. If the price clears $2,920, the case for an advance toward $3,400 would gain strength.

Yet the Daily Chart Still Has a Warning

Momentum is the concern. ETH keeps printing higher highs while the daily RSI posts lower highs, a pattern traders call bearish divergence. It can indicate that an uptrend is losing steam.

Trading volume is declining as well.

The key line now sits around $2,440. As long as that support holds, the bullish structure remains valid. A break below it could open the 1,950–2,000 zone.