Current Price & Market Context

Ethereum (ETH) is trading around ~$3,120 – $3,130 USD as of today.

CoinMarketCap

The price recently reclaimed the $3,000 level, signaling renewed market inte#rest after weakness at the end of last year.

The Economic Times

Volume remains strong, but momentum is somewhat sideways and compressed, awaiting a breakout.

BeInCrypto

📊 Technical Picture

Neutral-to-Bullish Near Term

ETH is near key long-term levels and may be entering an accumulation zone, with potential for a breakout if upward pressure increases.

Coinpaper

Short-term resistance sits above ~$3,150 – $3,200, while support is near ~$2,950 – $3,000.

CoinCodex

Market indicators show mixed signals — price recently stabilized after declines, but trend direction isn’t firmly established yet.

TradingView

Trend Observations

Some charts show sideways action within a range, indicating neither buyers nor sellers have full control.

Pintu

Technical setups sometimes form patterns (like triangles) that could lead to strong breakout moves once resolved.

Coinpaper

🔭 Outlook Scenarios

Bullish Potential

If ETH sustains above current resistance and market sentiment improves, analysts see targets toward $3,300–$3,400 in the near term.

MEXC

Long-term forecasts vary widely, with institutional adoption themes supporting higher multi-year targets for 2026 and beyond.

CoinMarketCap

Bearish Risk

A failure to reclaim higher resistances could see ETH retrace to lower trend supports near ~$2,800–$2,900 or even lower.

CoinCodex

Bearish models also highlight a possible price decline if key levels break under selling pressure.

FXEmpire

🧠 Summary Snapshot

📌 Current Price: ~$3,120–$3,130

📌 Trend: Sideways / range-bound

📌 Near-term bias: Depends on breakout above resistance

📌 Bullish target if breakout: ~$3,300–$3,400+

📌 Bearish risk: Lower support retest near ~$2,800–$3,000 #etherium #USJobsData #CPIWatch #WriteToEarnUpgrade #BinanceAlphaAlert