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$ETH is trading around $2,900–$3,000, with recent pressure below key moving averages, signaling continued downside momentum in the short term. Analysts note overall bearish conditions as ETH trades under major MA levels.
• However, ETH has shown some resilience holding support around $2,900–$3,000, which is a critical zone for near-term bounce attempts.
• Recent market news highlights short-term weakness and correction, with ETH struggling to build strong gains despite support holds.
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📉 Short-Term Technical Levels:
• Support: ~$2,900–$2,950 — key demand zone where buyers have stepped in several times.
• Resistance: ~$3,200–$3,300 — breakout above this would be needed to shift short-term bias bullish.
• Breach below $2,900 could prompt deeper corrective moves toward lower lows.
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📈 Mid-Term Outlook:
• Some analysts see potential for ETH to reclaim $3,300–$3,500 if it stabilizes above current support and volume increases.
• Broader technical indicators remain mixed, with MACD showing some upside room while moving averages lean bearish.

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