With Ethereum (Ethereum) After the price settled below the crucial resistance level of around $2,380 on May 5, trading expert Ali Martinez issued a bold near-term prediction.
Martinez predicted that Ethereum price could rise to retest $3,000 if it consistently exceeds $2,380. The bullish thesis is reinforced by renewed interest in ETH from whale investors at this key barrier, which represents its realized price – the average price at which each token last moved on-chain.
“With the whales buying spree, accumulating over $300 million in Ethereum (ETH) in the past few days, the smart money is in a position to breakout. Watch for resistance at $2,380; a confirmed daily close above it could take the price to $2,921 or even $3,000,” male.
The most important reasons why the price of Ethereum may rise soon
As Martinez explained, Ethereum price It could rise towards $3,000 soon, supported by renewed interest from whale investors. Building on this point, US exchange-traded funds (ETFs) turned green for the first time year-to-date in April.
Notably, US ETH ETFs recorded a net cash outflow of over $2.8 billion between November 2025 and March 2026. However, these baskets of securities recorded a total inflow of $355 million in April, and have already attracted nearly $162 million in May. As such, they cumulatively hold approximately $13.97 billion worth of ETH at press time, according to Data from SoSoValue.
Amid rising spot demand, Ethereum open interest – the total volume of ETH futures contracts open in the derivatives market – has rebounded over the past three months. Investment volume in ETH has risen from $23.2 billion on February 6, 2026 to approximately $33.54 billion at press time, according to Metrics from Queen Glass.
Investors have gradually turned bullish towards Ethereum in the recent past, as the US Senate prepares to pass the Clarity Act, a proposed federal regulation aimed at legalizing crypto assets, Feinbold said. I mentioned.
