$ETH has recently been trading below key resistance around ~$3,200–$3,300, struggling to reclaim higher levels after some sell-pressure and bearish momentum. Recent news indicates the market is in a corrective phase, with price action remaining choppy as buyers defend nearby supports.
CryptoRank
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📉 Short-Term Technicals
Resistance: ~$3,300–$3,380 — breaking above could see a push toward $3,500+.
Reddit
Support: ~$3,000 is acting as a crucial battleground — a break below could signal deeper corrections.
Pintu
Indicators like the RSI and MACD suggest mixed signals — neutral to slightly bearish momentum but oversold conditions could attract buyers soon.
MEXC
🔄 Bullish vs Bearish Outlook
Bullish factors:
Stabilization above major support (near $3K) may trigger renewed upside.
Seeking Alpha
Technical setups hint at a possible breakout range toward $3,350–$3,450 if volume and momentum improve.
MEXC
Bearish risks:
Continued weakness could push ETH toward next supports near $2,800–$2,600 if sellers dominate.
MEXC
Broader market sentiment and macro volatility remain headwinds for sustained rallies.
Binance
📌 Summary
Short-term: Range-bound with downward bias unless key resistance is reclaimed.
Key levels to watch: Support at ~$3,000–$2,800; resistance at ~$3,300–$3,500.
Strategy: Traders may prefer waiting for clear breakout confirmation or pullbacks to solid support before adding positions.
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