Analysts are predicting Ethereum could surge to $3,000 as a bullish inverse head-and-shoulders pattern emerges. The chart pattern indicates a potential price breakthrough, based on the technical analysis of prominent crypto expert Ali Martinez. He points out that this pattern’s neckline resistance sits at the crucial level of $2,588. If Ethereum can break past this resistance with significant trading volume, it could propel prices towards its target of $3,000. This bullish prediction is further supported by increased institutional interest in Ethereum. Institutional investments are driving market excitement and bolstering Ethereum’s performance. This momentum is likely boosting interest in DeFi and Layer-2 tokens as the financial landscape shifts with less readily available Ethereum (ETH) supply and rising demand.