#MarketSentimentWatch Ethereum Faces Critical Resistance, Is a Rally to $3,000 Possible?

Ethereum is currently trading around $2,802, with immediate support at $2,750 and resistance near $2,850.

Ethereum ETFs saw mixed flows on February 20, 2025, with net outflows of $13.1M.

Ethereum is tightening in a narrow price band. The range—$2,650 to $2,750—has held firm for over two weeks. A decisive breakout is coming, but the direction remains uncertain. Technical analysis indicates a symmetrical triangle pattern on Ethereum’s 4-hour chart, suggesting potential for an upward movement. A successful breakout could target the $3,000 to $3,100 range.

Despite muted price action, smart money is accumulating. Ethereum gradually recovered as it traded around $16 billion trading volume in 24 hours. Long-term hodler are utilizing this opportunity as a buy moment.