Based on the chart's consolidation above $2,900, combined with real-time data showing ETH up ~0.65% to $2,912–$2,957 midday UTC (from sources like Yahoo Finance and Coinbase), the short-term bias is mildly bullish. Expect a modest upside push to $3,000–$3,014 by EOD, driven by low-volume buying and ETF momentum. This aligns with daily forecasts: Bitget at $3,013.73 (+~4% from chart low) and CoinCodex's 11.54% monthly uptrend starting here. Probability: 60% upside (if $2,900 holds); 40% downside retest of $2,800 on risk-off news.
Bull Scenario: Break above $2,950 on volume → target $3,000 (resistance test). Stop-loss: $2,850.
Bear Scenario: Rejection at $2,950 → dip to $2,800. Invalidation: Close below $2,600 (full correction).
EOD Close Projection: $2,980–$3,010 (slight green, +1–3% from open), setting up for December's projected $3,250
ETH
2,831.2
-3.95%