💎 ETH : Consolidation under 3,000 $ – The calm before the storm?

As we close out the year, Ethereum ($ETH) finds itself at a pivotal phase. Following the success of the Fusaka update in early December, the price seems to be searching for its base before embarking on 2026.

🔍 What to watch on the chart:

• Support Zone: The 2,915 $ - 2,980 $ levels are holding strong. This is the crucial defense line for the Bulls during this holiday season. 🛡️

• Key Resistance: The 3,080 $ level acts as a ceiling. A solid close above this price could pave the way towards 3,250 $ very quickly.

• RSI Indicator: In neutral territory (around 45-50), which leaves room for an explosive movement in either direction. 📉📈

🌐 Strong fundamentals:

Despite the price stagnation, the supply of ETH on exchanges is at a historically low level (around 8.7%). With the massive accumulation by institutional players like Bitmine (which now holds over 3% of the total supply), a "supply shock" is brewing behind the scenes. 🐳

My opinion: We are in a "bottoming" process (forming a trough). If the support at 2,900 $ holds, the first quarter of 2026 with the anticipation of the Glamsterdam update could be memorable.

And you? Are you still accumulating ETH under 3,000 $ or are you waiting for a deeper correction? Let me know in the comments! 👇#Ethereum #Altcoin2026 #tradingview #BinanceSquare