Over the last month, Ethereum ($ETH ) saw quite a bit of action. Starting above $3,200, it dropped nearly 17% to around $2,500. Since then, it’s been trading mostly between $2,500 and $3,000, showing some stability after the dip. The RSI indicator moved up from oversold levels, hinting the selling pressure might be easing. Still, with more ETH moving onto exchanges and trading volume dropping, many investors seem cautious right now. Key support sits near $2,500, and resistance is around $3,100. Without a strong catalyst, ETH might stay stuck in this range for a little while longer. Traders will be watching those levels closely for any signs of a breakout or a drop.