Ethereum $ETH is showing signs of consolidation and cautious price action as 2025 draws to a close. Recent data indicates that ETH has pulled back from earlier rallies and is trading around key technical levels. �

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📉 Current Price Action

ETH has declined over the past month, trading near $2,800–$3,000, with momentum softening and the market sentiment still in the fear zone. �

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The coin remains below major resistance near ~$3,035–$3,080, with crucial support around $2,740–$2,900 — a break of which could signal deeper weakness. �

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📈 Short-Term Outlook

Analysts see potential for a bounce toward ~$3,100–$3,200 in the coming days if ETH stabilizes above immediate support. �

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Consolidation near the $3,000 psychological level suggests that traders are waiting for clearer direction before committing to large positions. �

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📊 Key Levels to Watch

Support:

✔ ~$2,740–$2,900 – critical short-term buyers zone �

Resistance:

✖ ~$3,035–$3,080 – must be reclaimed for bullish momentum �

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🧠 Market Sentiment & Drivers

The broader crypto market remains cautious, with fear & greed metrics pointing to low confidence and potential volatility ahead. �

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Some analysts see near-term upside potential if prices recover and break key resistance, while others highlight ongoing consolidation and fragile market conditions. �

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