$ETH is trading around ~$2,900–$3,000 today with modest negative movement over the last 24 h and week.
Weekly performance indicators show $ETH has been underperforming broader crypto markets, reflecting ongoing bearish pressure.
📉 Technical + Momentum
Price action remains in a corrective or range-bound phase, struggling to hold strong upside momentum.
Technical summaries (RSI, moving averages) suggest mixed signals — some short-term neutral to weak bias, and still below key resistance levels.
Medium-to-long-term trend still shows resistance overhead, with downside risk if key support zones break.
📌 Market Drivers Today
Recent declines have been attributed partly to forced liquidations across crypto markets, increasing volatility and downward pressure.
Broader macro conditions (e.g., U.S. economic data) have kept risk assets like $ETH under caution, muting strong bullish flows.
Despite current weakness, institutional interest and blockchain ecosystem developments (e.g., financial products built on Ethirium) continue to support underlying demand themes.
📈 Short-Term Outlook
Neutral to cautiously bearish if ETH stays below recent highs and key resistance zones.
A breakout above ~$3,200–3,300 could attract fresh buying interest and shake off short-term sellers.
Conversely, a decisive drop below the current support levels could accelerate corrective pressure before stabilizing.#ethirium
