$ETH Today, Ethereum (ETH) is facing a crucial moment in the crypto market. After showing some strong moves last week, ETH is now struggling to hold above key support levels. The market is a bit shaky, and Ethereum is feeling the pressure.
Recently, ETH tried to break above resistance but failed to maintain momentum. It’s now trading sideways, with investors waiting for a clear direction. The overall market sentiment is mixed — some people are bullish, thinking ETH might pump soon, while others are playing it safe.
One reason behind this slow movement is the uncertainty in global markets and Bitcoin’s recent pullback. When BTC drops, most altcoins, including Ethereum, feel the impact. But at the same time, Ethereum’s fundamentals are still strong — especially with the continuous development on Layer 2 networks and the growing DeFi and NFT ecosystem.
In my opinion, this is just a temporary phase. Ethereum has always bounced back stronger. I believe if ETH holds its support near $2,900–$3,000 and BTC recovers, we could see a solid rally soon.
As always, this is not financial advice — just my personal view. Let’s keep watching the charts and stay updated.$ETH