Ethereum Price Could Be Silently Nearing a Breakout — Here’s Why
Ethereum’s price action may look quiet on the surface, but beneath that calm exterior, a bullish structure is steadily forming. Over the past 24 hours, ETH has traded nearly flat, while the past seven days show a modest 2.6% gain. Importantly, price has held above $3,100 for several consecutive sessions, signaling strength rather than exhaustion.
This sideways movement is not random. Ethereum is compressing near critical technical levels—conditions that often precede sharp moves. Whether this consolidation resolves higher now depends on buyers, who appear to be slowly regaining confidence.
Bull Flag Structure Holds as Breakout Zone Forms
Ethereum continues to trade within a bull flag pattern, a classic continuation structure that forms after a strong upward move. Rather than indicating weakness, this pattern reflects controlled consolidation before a potential next leg higher.
The structure remains valid as long as ETH holds above $3,090. A daily close below this level would weaken the setup, but until then, the bullish bias remains intact.
This zone has acted as a reliable support area, repeatedly absorbing selling pressure during recent pullbacks. Each bounce from this level suggests that buyers are actively defending it.
A clean daily close above $3,130 would be the first clear signal that the flag is resolving to the upside. That move would indicate consolidation is ending and momentum is shifting back in favor of bulls. Until then, Ethereum remains in compression—but the bullish structure stays alive.
Selling Pressure Eases as Key Ethereum Levels Take Shape
On-chain data reinforces the technical picture. Holder Net Position Change, which tracks whether long-term holders are accumulating or distributing ETH, shows that selling pressure has started to ease.
On December 12, Ethereum holders distributed approximately 958,771 ETH. By December 13, net selling declined to around 877,958 ETH, representing an 8.4% reduction in selling pressure within 24 hours.
This shift is notable. While Ethereum is still experiencing net distribution, the pace of selling is slowing as price compresses near resistance—behavior typically seen during late-stage consolidation rather than breakdowns.
When selling pressure decreases without price breaking lower, it increases the probability that buyers will step in once a breakout confirms. There are no signs of panic exits. Instead, holders appear increasingly willing to wait.
Ethereum Price Targets and Risk Levels
If Ethereum secures a daily close above $3,130, the next major resistance lies near $3,390. Clearing that level could open the path toward the $4,000–$4,020 zone, aligning with the measured move projected from the bull flag structure.
However, the bullish setup would weaken if ETH falls below $3,090, and a daily close under $2,910 would invalidate the pattern entirely.
For now, Ethereum remains quiet—but structurally, it may be preparing for a decisive move.
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