$ETH price action: Ethereum has been trading above key support around ~$3,100–$3,200, showing signs of consolidation after recent volatility and sideways movement. Institutional interest and whale accumulation have helped stabilize dynamics.
Macro influence: Like other cryptos, ETH dipped modestly after the U.S. Federal Reserve’s cautious messaging on rate cuts, which pressured risk assets including crypto.
Technical & Trend Signals
Support–Resistance Dynamics: Key support near $3,000 remains critical — holding above this helps sustain the bullish case. Break above near-term resistance around $3,200–$3,250 could prompt further upside momentum.
Bullish setups: Technical momentum measurements (MACD/RSI) and targets in several analyses point toward potential price moves into $3,500–$4,000 range if broader sentiment improves.
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