Ethereum ($ETH ) Market Update: Finding Support Above $3,200 📊
Ethereum is currently navigating a consolidation phase, trading between $3,250 and $3,350. After the momentum from the Pectra upgrade cooled down, the market is looking for a fresh catalyst.
Key Levels to Watch:
The Floor: The $3,100 - $3,200 zone is acting as the immediate structural support.
Resistance: A clean daily close above $3,350 is needed to regain bullish momentum toward the $3,500 supply zone.
The Risk Note:
Institutional flows remain uneven. While Bitcoin $BTC
ETFs are seeing steady demand, Ethereum spot ETFs have recently experienced persistent outflows. This suggests that "smart money" is currently cautious, which could keep $ETH
in a sideways range for the next few weeks.
My Opinion:
In simple terms, I think the current "boring" price action is necessary. The market is digesting the previous gains while waiting for more details on the Glamsterdam upgrade planned for mid-2026. For me, the most important metric is that exchange reserves for ETH continue to trend lower, meaning long-term holders are not in a rush to sell.
What is your move—are you accumulating more ETH at these levels, or are you waiting for a deeper retest of $3,000? Let's discuss below! 👇