Ethereum (ETH) is trading within a cautious, range-bound pattern today as broader crypto markets continue to show mixed momentum and holiday-week thin liquidity. Recent technical reports indicate ETH is holding around the $2,950–$3,050 zone, with struggle to reclaim higher ground above nearby resistance levels.
Key support near $2,900 remains pivotal — if buyers defend this zone and volume picks up, ETH could attempt a short-term rebound toward $3,200–$3,300. A clear break above this range may signal renewed bullish interest and help push price toward $3,500–$3,650 as medium-term momentum improves.
On the downside, failure to hold support could expose deeper retracement risk, possibly dragging price toward $2,800–$2,850 before stabilization. The ongoing macro backdrop and technical structure show Ethereum still within a broader consolidation phase, with neither bulls nor bears fully in control.
Overall, today’s outlook for ETH is neutral-to-slightly bullish, with range-bound action likely unless a clear catalyst — such as increased trading volume, positive sector news, or macro strength — drives decisive price movement. Watch $2,900 support and $3,200 resistance for key directional cues.
