With Ethereum (The price of ETH) the combined price below the critical resistance level of around $2,380 on May 5, trading analyst Ali Martinez has given bold predictions that are about to end.
Martinez predicted that the price of Ethereum could repeat $ 3,000 if it regularly breaks $ 2,380. The bullish thesis is reinforced by the new interest in ETH from whalers at this major barrier, which represents its price – the average price that each token has moved.
“With the fish buying, which gained $ 300 million in $ ETH in the last few days, the smart money is doing well. Watch the resistance of $ 2,380; the daily closing confirmed above may lead to $ 2,921 or $ 3,000,” Martinez he realized.
The main reasons why the price of Ethereum may rise soon
As Martinez pointed out, a The price of ETH shares It could approach $3,000 soon, boosted by fresh interest from whale investors. In light of this, the United States saw ETH exchange-traded funds (ETFs) go green for the first time so far in April.
In particular, the US spot ETHs recorded a total of $2.8 billion between November 2025 and March 2026. However, these security baskets registered a total of $355 million in April, and have already attracted around $162 million in May. As such, they hold approximately $13.97 billion in ETH at the time of publication, according to data from SoSoValue.
Amid the demand for space, Ethereum’s Open Interest – the total size of ETH futures that are open in the exchange market – has also increased over the past three months. ETH OI has risen from $23.2 billion on February 6, 2026, to about $33.54 billion at the time of publication, as metrics from CoinGlass.
Investors gradually turned bullish on Ethereum recently when the United States Parliament is preparing for the implementation of the Clarity Act, a proposed federal law that fights legalizing crypto assets, such as Finbold. report.
