$ETH
has been in a consolidation and corrective phase, with price hovering around the $2,900–$3,000 range and struggling to break above short-term resistance levels. Recent price pressure has been accentuated by ETF outflows and cautious market sentiment. �
• Technical action shows ETH compressed inside a symmetrical triangle, nearing a potential breakout point — horizontal support near ~$2,900 and resistance around ~$3,000–$3,050. �
Coin Edition +1
Coin Edition
📉 Bearish Signals
⚠️ Price compression and failed rebounds above the $3,000 level reflect weak immediate bullish momentum, keeping ETH in a range-bound pattern. �
⚠️ Prolonged sideways movement increases the risk of a breakdown under ~$2,900 if sellers regain control. �
Coin Edition
CoinCodex
📈 Bullish Potential
✅ Some models suggest that if ETH breaks above near-term resistance (~$3,050–$3,100) with volume, the next targets could lie around $3,200–$3,300 in the near term. �
✅ Longer-term outlooks from certain forecasts anticipate broader recovery scenarios, with upside contingent on reclaiming key levels and improving macro conditions. �
Blockchain News
AInvest
🧠 Key Levels to Watch
• Support: ~$2,880–$2,900 — failure could deepen correction. �
• Resistance: ~$3,040–$3,100 — reclaiming this may open doors for bullish continuation. �
CoinCodex
Blockchain News
📌 Summary
Ethereum’s short-term trend remains cautious and range-bound, balancing between resisting breakouts above $3,000 and holding support near ~$2,900. A decisive move beyond resistance could reignite upside potential, while a breakdown below support might extend consolidation or deeper sell-offs.$ETH #USGDPUpdate #CPIWatch #WriteToEarnUpgrade #USJobsData #WhaleWatch