$ETH Ethereum (ETH/USD) is trading around **$3,603** after bouncing from the **$3,000** support zone. The chart shows a **mid-term downtrend** following the strong rally from **$2,400 to $4,800** in mid-2025. After topping near **$4,700**, ETH formed lower highs and lower lows but recently made a short-term recovery.
Key **support** lies at **$3,000–$3,100**, with stronger backing near **$2,750–$2,800**. On the upside, **$3,700** is immediate resistance, followed by **$3,950–$4,000** and major resistance around **$4,500–$4,700**. Volume remains low, suggesting this rebound might be temporary unless momentum builds.
If ETH breaks and closes above **$3,700**, it could target **$3,950–$4,000** next. Failure to do so may trigger a pullback toward **$3,400** or even **$3,000**. Overall, the structure is **neutral to slightly bullish** in the short term, but still **bearish** in the mid term unless ETH reclaims **$4,000+** levels.
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