Ethereum's price movement is calm, but the overall pattern is slowly becoming more positive. Over the last 24 hours, ETH has moved almost not at all, and the last seven days show a slight increase of 2.6%. The price has been above 3,100 USD for several sessions, indicating strength rather than weakness.
This sideways movement is not random. Ethereum gathers near key levels where breakouts often form. The next movement depends on whether the buyers, who are slowly coming back, can make the consolidation continue upwards.
The Bull Flag structure holds when the breakout zone is visible.
Ethereum appears to be breaking out after consolidating within a bull flag. A bull flag forms when the price pauses after a strong rise and then moves in a narrow range before continuing upward. This pattern shows that the price is consolidating, not that it is weak.
The structure remains intact as long as ETH stays above 3,090 USD. This means that if there is no daily close below this level, the expected breakout can hold.
This level has been a strong support and has absorbed selling pressure during the recent declines. The price has often bounced up from here, indicating that buyers are still defending the area.
Do you want more token insights like this? Sign up for editor Harsh Notariya's crypto newsletter here.
A clear daily close above 3,130 USD would be the first confirmation that the flag is going upwards. That movement signals that the consolidation is ending and that buyers are regaining control. Without that close, Ethereum remains in a consolidation phase, but the positive structure still applies.
Selling pressure is decreasing as key price levels for Ethereum emerge.
Chain data supports the price structure. Holder Net Position Change, which shows whether long-term investors are buying or selling ETH, indicates that selling pressure has decreased compared to previous sessions.
On December 12, Ethereum holders sold approximately 958,771 ETH. On December 13, net sales had decreased to about 877,958 ETH. This means that selling pressure decreased by approximately 8.4% in one day.
That change is significant. Ethereum still has net selling, but the selling pace decreases as the price consolidates near resistance. Such developments often happen when the consolidation approaches its end, not when the price breaks down.
When selling pressure decreases at a key level without the price dropping, the chances of buyers taking over after a breakout increase. Ethereum has no panic sales. Instead, owners seem more willing to wait.
If Ethereum manages a daily close above 3,130 USD, the next resistance is close to 3,390 USD. Getting past that area opens the way for the range of 4,000–4,020 USD, which aligns with the expected movement from the bull flag.
However, the positive structure weakens if Ethereum drops below 3,090 USD or even 2,910 USD. A close below the lower level would break the pattern completely.
