$ETH is trading near key support around 2 700 $–3 000 $, a demand zone that could act as a floor.

Long-term holders appear to be accumulating or at least reducing outflows, suggesting some conviction at these levels.

Technical indicators on shorter time-frames are showing some “Acheter” signals — moving averages and momentum indicators favour a possible bounce.

Investing.com

What’s not working

Fresh demand (new investors) is weak: growth in new ETH addresses is stagnant. That limits the fuel for a sustained rally.

BeInCrypto

The broader trend remains under pressure: ETH is in a downward channel and if it fails the support zone we could see a deeper drop.

Despite short-term bullish signals, some analysts regard ETH as a “achat risqué” at current levels — the rebound isn’t confirmed. My short-term takeaway

ETH sits at a crossroads. If it holds the ~2 700 $-3 000 $ level and fresh demand kicks in, it could bounce towards ~3 100 $-3 300 $. On the other hand, if support fails and new demand remains weak, a drop toward ~2 500 $ or lower is quite plausible.

What to watch

The ability of ETH to reclaim and stay above ~3 000 $.

Growth in new ETH addresses / active wallets (a gauge of fresh money).

Whether the downward channel is broken or reinforced in the coming days.#ProjectCrypto #US-EUTradeAgreement #etherreum #CPIWatch