$ETH is currently trading around $3,174, holding a slight intraday gain while still reflecting noticeable pressure from recent weeks. After touching highs near $3,565, the chart shows a steady downward drift, with sellers dominating most of the short-term action.
Despite this, ETH has shown strong recovery potential over longer time frames — especially with its 27% rise over the past 180 days. If the market stabilizes above the $3,100 support zone, Ethereum could attempt a short-term rebound toward the $3,250–$3,300 range.
A clean break below support, however, may invite more downside before momentum returns.
