Ethereum price analysis (Bullish) — 3027.19 USDT (+2.76% 24h)

Ethereum continues to show strength as ETH/USDT trades at $3,027, posting a solid 2.76% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($3,004) and 50-day SMA ($2,956), indicating underlying bullish momentum. With RSI at 50.14, ETH remains in neutral territory with plenty of room for upward movement before reaching overbought conditions. The $3,000 psychological level has transformed from resistance to support, while daily volume exceeding $1 billion suggests genuine institutional interest rather than retail speculation. Traders should watch for a sustained break above $3,050 to confirm continuation toward $3,200. Position sizing remains crucial given the 4.3% volatility reading. Consider accumulating on dips toward $2,980 support with stops below $2,920 for risk management.