The giant of the ecosystem, Ethereum, is trapped in a technical web that seems to tighten more and more, and if we don't manage to break the barrier of $3,090, the path to $2,500 is practically a clear highway. 📉
Look, family, we need to speak clearly and straightforwardly about what is happening with ETH right now. Although we saw an attempt to rise along with Bitcoin after the weekend, the reality is that the momentum has run out of gas. We are witnessing a technical phenomenon that we cannot ignore: the crossing of moving averages (EMA34 and EMA89) is shouting to us that the bearish trend has the steering wheel under control. 🚦
Basically, every time Ethereum tries to poke its head out, it hits a concrete ceiling at $3,090. To make matters worse, the transaction volume is extremely low. Why? Because we are in the middle of December festivities and most investors are more focused on Christmas dinner than providing liquidity to the market. 🎄 Without that capital flow, the movements are slow, heavy, and, unfortunately, more prone to falling than rising.
Currently, Ethereum is 37% below its all-time highs of 2025. Analysts like DominicChaina are super honest: as long as we remain below those moving averages, the most realistic scenario is not a "moon bag", but a test of the monthly lows. The key support to watch is $2,500; if we lose that floor, the conversation would change completely. 🧠
It is a moment of strategic patience. The market is in "wait and see" mode, and with the recovery candles being so short and timid, it does not seem that the bulls have enough strength to change the narrative before the year ends.
Do you think this Christmas liquidity shortage is the perfect time to accumulate thinking about 2026, or is Ethereum really losing its shine compared to other altcoins?$ETH
