📍 Current Price Snapshot
• $ETH
is trading in the ~$3,080–$3,300 range, showing mixed short-term momentum as the market digests recent macro moves and volatility data.
📊 Technical Picture
• After breaching support near $3,100, ETH has struggled to sustain upside and remains below key resistance zones near $3,400–$3,450, pointing to continued pressure on rallies.
• Holding above $3,000–$3,200 is crucial for bulls; losing this area could see downside toward lower support levels.
• Some short-term trendlines and moving averages suggest consolidation, with possible upside if buyers can reclaim and hold above $3,200–$3,350.
🔥 Market Drivers
• Macro sentiment: The broader crypto market has been reacting to Federal Reserve policy expectations, with short-term volatility often tied to rate outlook and macro flows.
• Whale activity & on-chain interest: Instances of larger holders accumulating ETH can add bullish undertones, though sentiment remains cautious.
• NFT and ecosystem strength: Ethereum continues to dominate NFT activity and broader decentralized apps, which supports long-term fundamentals.
📌 Key Levels to Watch
• Support: ~$3,000 → critical psychological base.
• Near-term resistance: ~$3,350–$3,400.
• Bullish breakout target: If ETH pushes above these levels, momentum could pick up. $ETH #USJobsData #CPIWatch #CPIWatch #TrumpTariffs #BinanceBlockchainWeek
