$ETH Market Context
Ethereum is trading around the $2,900–$3,300 range, with mixed momentum and neutral indicators (RSI ~49–62) — signaling consolidation rather than a strong directional trend in the short term. �
Meyka +1
Short term, $ETH has shown cautious optimism with periodic gains, but overall remains range-bound amid broader crypto market volatility. �
Meyka
Some forecasts see potential extension into $3,500 range if momentum persists. �
MEXC
Others note pressures and sideways action after Q4 weakness, indicating the trend isn’t decisively bullish yet. �
Seeking Alpha
📊 Key Technical Levels
🛡 Support Zones
$2,800–$2,900: Immediate and critical support acting as a base for range trading. �
Meyka
~$2,700–$2,770: Deeper support where reversals may emerge if sellers dominate. �
Meyka
🚧 Resistance Zones
$3,300–$3,350: Primary resistance for bullish continuation. �
Meyka
$3,500–$3,600: Secondary supply area where sellers often cap upside. �
MEXC
Higher Targets: Break above these regions could open paths toward $3,800–$4,000+ on strong volume. �
Trading News
📉 Indicators & Momentum
RSI & MACD: Neutral to slightly positive at times but inconsistent — showing momentum is not decisively bullish or bearish. �
Meyka
Volume: Mixed participation suggests traders are cautious, typical in consolidation phases. �
Meyka
🔁 Trading Scenarios
🟢 Bullish Scenario
Reclaim and hold above $3,300–$3,350
Follow-through could target $3,500 initially, then $3,800–$4,000 if momentum persists. �
Trading News
🔴 Bearish Scenario
Break below $2,800–$2,900 support
Could drag price toward lower bands near $2,700 or beyond if broader market weakens. �
Blockchain News$ETH
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