$ETH is compressing inside a tightening consolidation range after its recent sell-off, currently hovering around $3,450–$3,520 while defending mid-range support near $3,320.
Volume contraction signals market indecision and a potential volatility expansion ahead. RSI sits near 47–51, reflecting neutral momentum with room for a directional push, while MACD is flattening and attempting a bullish crossover on lower timeframes.
Structure remains fragile below the $3,650–$3,720 resistance zone where sellers previously stepped in.
A confirmed breakout above $3,750 could open upside toward $4,000, but losing $3,300 support may trigger a deeper retest around $3,050–$2,900 demand areas.