Ethereum is currently trading around $2,960-$2,990
Current Situation:
- Price struggling at $3,000 resistance
- ETH experienced largest outflows last week totaling $555 million -bitcoin-price-holds-87948-as-eth-stalls-at-2983-xrp-near-188)
- Down 40% from all-time high of $4,946
*Key Levels:
- Support: $2,850-$2,900
- Resistance: $3,000-$3,100
Outlook:
Short-term range between $2,850-$3,100. Break above $3K with volume targets $3,350+. Holiday liquidity thin - expect volatility. ETH/BTC ratio weak, underperforming Bitcoin.$ETH #ETHETFsApproved #USGDPUpdate #USCryptoStakingTaxReview


