$ETH price has seen a recent downward drift, testing key support around $3,000. This correction follows a failure to hold above $3,180, with consolidation occurring below $3,200 and the 100-hourly SMA.
A bearish trend line at $3,175 adds resistance, but signs of recovery are emerging. Bullish indicators are building momentum.
### Technical Outlook
The hourly MACD shows increasing bullish momentum. The RSI is hovering above 50, suggesting a potential upward reversal if $3,200 resistance is broken.
Immediate support is seen at $3,050. A drop below risks further decline to $3,000 or $2,940. Conversely, clearing $3,250 could target $3,320 or $3,400.
On-chain data indicates whale accumulation during dips, often preceding rebounds in Ethereum's volatile cycles.
### Market Context
Ethereum's movement reflects a broader bearish sentiment in the crypto market. Recent forecasts show 50% green days over the last month and volatility at 5.13%.
Predictions for December 2025 suggest an average price around $3,417, with potential highs near $3,730 if institutional inflows and ETF developments resume.
Persistent selling pressure from retail could keep $3,000 as a battleground, especially with global economic uncertainties affecting risk assets.
### Investment Considerations
Traders should monitor volume and Fibonacci retracement levels for directional confirmation. Ethereum's ongoing ecosystem upgrades support long-term value.
While short-term risks warrant caution, Ethereum's utility in DeFi and NFTs positions it for recovery. Always diversify and use SL to manage downside exposure.
