Highlights:
- Ethereum bulls are pushing the $2110.3 resistance intraday
- Decisively clearing resistance could send Ethereum to $3k short term
- Broader market rally and staking are likely to drive such a rally for Ether
Ethereum (ETH) is in the green on the day, reflecting the broader market’s intraday price action. When writing, Ethereum was trading at $2126.16, up by 2.64% in the day. Ethereum trading volumes are also surging intraday. They are currently up by 25.99% to trade at $24.84 billion. The surge in trading volume when the price is rising is an indicator that bulls are taking control and that Ethereum could be headed higher in the short- to medium-term. Multiple factors support the continuation of Ethereum’s intraday momentum.
Advertisement
Bitcoin’s Price Action Hints at More Gains for Ethereum
The first is Bitcoin’s price. Other than a few instances of discrepancy, Ethereum and other altcoins trade in the same direction as Bitcoin. At the moment, Bitcoin is pushing higher and is now trading firmly above $70k. If Bitcoin sustains this momentum, Ethereum and every other altcoin could be headed higher as well. So far, all indicators are that Bitcoin could be headed.
🚨 BREAKING
🇺🇸 TRUMP JUST SAID "EXISTING FINANCIAL SYSTEM HAS REACHED ITS LIMITS A CRYPTO ERA IS COMING NEXT"
GIGA BULLISH FOR CRYPTO pic.twitter.com/OIHDnGczLT
— ardizor 🧙♂️ (@ardizor) March 13, 2026
This sentiment is mainly driven by Bitcoin’s price since the War in Iran began. It has held its value better than most analysts expected. With the war news now becoming background noise, the odds are high that Bitcoin could be headed higher.
By extension, this means that top altcoins like Ethereum could be headed higher as well. Ethereum is particularly well-positioned for gains because it is one of the more trustworthy altcoins in a crowded market. This means both institutional and retail capital could flow more into Ethereum before other altcoins. As such, if Bitcoin pushes towards $80k, Ethereum could be well on its way to $3k, or even higher.
Besides following Bitcoin’s price action, there is a lot happening in the Ethereum ecosystem that could push its price higher. One of them is the move to launch DVT-Lite, aimed at making staking easier for institutions. Such could trigger a rally, as staking reduces the total supply of Ethereum available for trading. As such, with easier staking, a supply shock could send Ethereum to new highs. It explains why some analysts predict that Ethereum could trade at prices above $10k at some point in the future.
BlackRock ETF Staking Could Trigger Supply Shock for Ethereum
Still on staking, major institutions that invest through ETFs are also considering it. One of the most notable institutions on this front is BlackRock. The latest news hitting the market is that BlackRock is now staking a majority of its Ethereum.
Through its ETHB ETF, now live on Nasdaq, BlackRock will stake over 90% of its Ether. This is a game-changer given that BlackRock holds a significant amount of Ethereum through its ETFs. At the same time, it could incentivise retail money to become more aggressive in staking. Such developments make a rally to $3000 a realistic projection in the short- to medium-term.
⚡️BlackRock Launches Staked Ethereum ETF
BlackRock has officially debuted its first yield-generating crypto fund, the iShares Staked Ethereum Trust ETF (ETHB), recording $15.5 million in trading volume on its first day.
This financial instrument provides institutional investors… pic.twitter.com/SwiDIRcmhS
— itez (@itezofficial) March 13, 2026
Technical Analysis – Ethereum Price Trading at Critical Resistance
Ethereum is making a third attempt at the $2110.3 for the 3rd time in weeks. If bulls gain enough momentum and push decisively through $2110.3, Ethereum could rally to $3013.3, or even higher.
However, if bulls fail to push Ethereum through the $2110.3 resistance, two scenarios could follow. The first is a continuation of the multi-week consolidation between $2110.3 and $1828.9. The second is where bears take control and push the Ethereum price through the $1828.9 support level, sending it to as low as $1500. Out of these scenarios, a rally to $3000, and higher is more likely. That’s because the broader market is pushing higher. Staking developments could trigger a supply shock for Ether, and send the price rocketing to new highs.
eToro Platform
Best Crypto Exchange
- Over 90 top cryptos to trade
- Regulated by top-tier entities
- User-friendly trading app
- 30+ million users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Advertisement
