$ETH Ethereum is in a consolidation phase after a recent drop. According to CoinCodex, ETH’s price has declined over the past month, and short-term support sits around **$2,735–$2,650**.

Looking ahead, some analysts remain cautiously optimistic — technicals suggest a possible rebound toward **$3,750** in the medium term. However, this assumes ETH can hold its current support zone.

On the other hand, bullish targets from other forecasts point to **$4,400–$5,500**, but achieving that would require a strong breakout above resistance.

**Risk factors**: Weakness could intensify if support breaks, and ETF outflows or macro pressure may drag the price lower.

**Bottom line**: ETH looks like it's stabilizing right now, but the path to higher levels depends on holding key supports and gaining renewed momentum.