#TurnTHEvolumeUP
📊 Current Price & Market
$ETH is trading around ~$2,950–$2,980 USD today, with price moving modestly in the last 24 hours and showing mixed direction depending on source. �
CoinMarketCap +1
The price remains below the psychological $3,000 level, indicating ongoing resistance around that area. �
BeInCrypto
📈 Short-Term Price Action
ETH has been unable to decisively reclaim $3,000, with price often capped under key moving averages and sellers dominating near resistance. �
BeInCrypto +1
Some analyses show bids concentrated near $2,750–$2,800, suggesting this zone acts as a short-term floor. �
CryptoRank
🧠 Market Sentiment & Indicators
Overall sentiment remains cautious to slightly bearish, with technical indicators showing downward pressure and conservative trading behavior. �
changelly.com
On-chain metrics (like exchange outflows) suggest accumulation by some investors, which can support a rebound if macro conditions improve. �
BeInCrypto
📌 Key Levels to Watch $ETH
Support: ~$2,750–$2,800 (short-term consolidation range). �
CryptoRank
Resistance: Around $3,000+, and above that higher bands near $3,100–$3,250. �
Binance +1
🧩 Contextual Factors
Broader crypto markets have been volatile, with risk-off sentiment at times affecting altcoins like Ethereum. Macro events and inflation data reactions continue to influence price swings. �
barrons.com
Summary:
Today, Ethereum is trading near $2.9K, struggling to break crucial resistance. Short-term price action points to cautious sentiment, with key support levels holding but upside limited until clear momentum returns. Investors are watching on-chain data and macro drivers for signs of a more sustained move.$ETH #WriteToEarnUpgrade