With Ethereum News Today, Why Might ETH Price Hit $3K This Week?

Ethereum Price to Hit $3K This Week? Vitalik’s Scaling Vision Sparks Bullish Momentum

Ethereum ($ETH) is heating up once again. After weeks of sideways movement, the second-largest cryptocurrency is showing renewed strength—and it’s not just about the charts. Two major updates have triggered a wave of bullish sentiment that could push ETH past the $3,000 mark this week.

Let’s break down what’s driving the momentum and whether Ethereum is finally ready to reclaim its position above this critical psychological and technical level.

By TradingView – ETHUSD_2025-06-03 (YTD)

Vitalik Buterin: Ethereum Layer 1 to Scale 10x in 12 Months

In a bold statement that’s rippled across the crypto community, Ethereum co-founder Vitalik Buterin hinted at a possible 10x scaling improvement on Layer 1 within the next year. This means faster, cheaper on-chain transactions without fully relying on Layer 2 solutions like Optimism or Arbitrum.

“Ethereum’s base layer could get a 10x boost in throughput,” Buterin said, suggesting optimizations in proto-danksharding and execution environments are closer than many expected.

Such an upgrade would drastically improve Ethereum’s usability, reduce gas fees, and further open the door to mass adoption. Traders see this as a long-term bullish catalyst—and the market is already reacting.

Ethereum Foundation Restructures to Focus on User Experience and Scaling

Adding fuel to the fire, the Ethereum Foundation just announced a significant internal shift. According to sources, they’ve streamlined their core development teams and reallocated resources specifically toward enhancing scalability and improving user experience.

This isn’t just housekeeping—it’s a strategic move to accelerate Ethereum’s roadmap at a time when competitors like Solana and Avalanche are gaining traction.

By refocusing its efforts, the Foundation is doubling down on solving Ethereum’s biggest pain points. If successful, these changes could position $ETH as the most user-friendly smart contract platform in crypto.

ETH Price Analysis: Is $3K in Sight?

As of writing, ETH is trading around $2,890, up nearly 7% over the past three days. Key technical levels show strong support near $2,800 and minor resistance at $2,950, with $3,000 acting as the next major psychological barrier.

The daily RSI is trending upward, and trading volume has spiked following Buterin’s statements—suggesting increasing confidence among bulls.

By TradingView – ETHUSD_2025-06-03 (All)

If momentum continues, a breakout for the ETH price above $3,000 is highly likely before the end of the week.

Final Thoughts: All Eyes on Ethereum

With positive sentiment returning, a forward-looking roadmap, and signs of life in both the technicals and fundamentals, Ethereum may be entering a new bullish phase. Whether the ETH price holds above $3K will depend on market confirmation and macro conditions, but for now, ETH is one of the top tokens to watch this week.

$ETH, $Ethereum

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