Ethereum Consolidates Under $2,850 Resistance Following Fresh Decline |
Ethereum Price Sinks Again—Are Bulls Running Out of Defenses?
Ethereum Price Continues to Slide—Where Is the Next Support?
Ethereum (ETH) Price Continues to Decline-Where is the Next Support Point?
Current Price Action
Ethereum is consolidating below key resistance levels, struggling to break higher after recent declines. It has failed to hold gains above ~$2,900–$2,950, resulting in a pullback and sideways action.
Resistance Around $2,850–$2,950
Most analysts highlight that **breaking above $2,850 is critical for a bullish recovery attempt. ** Clearing this level could pave the way toward $2,880 and then $2,925–$3,000.
The price faces multiple technical resistances — including trendlines and moving averages — which have kept upside attempts capped.
Bearish Momentum & Technical Weakness
Momentum indicators like MACD and RSI suggest weakening momentum in the near term, meaning bulls need more strength to reclaim ground.
Broader technical data shows sellers dominating below key thresholds, and resistance near $2,880–$2,920 remains significant.
Support Levels to Watch
Immediate support is marked near $2,800 and $2,775 — losing these could lead to deeper pullbacks.
Broader market data also points to a potential downside zone around $2,715–$2,720 if consolidation continues.
Short‑Term Trading Implication
If ETH clears $2,850, traders may look for a push toward the next resistance cluster at $2,880–$2,925 and eventually psychological marks like $3,000.
Failure to reclaim $2,850 could keep the market in a sideways or bearish posture and risk further downside.