Ether is running hot and then cooling off. Cointelegraph reports that ETH is about 8% below 10-week highs above $2,460.
Even with that pullback, Cointelegraph argues the setup for a move toward $3,000 stays “in play” as a new month begins. In other words, the $3,000 target is still being discussed, not proven.
Cointelegraph frames this as a market read for May rather than a guarantee. As with any asset, ETH carries risk. Chart-based expectations can fail fast, especially when momentum fades.