Ethereum price remains in consolidation mode after a rather erratic second half of 2025, as traders continue to focus on major support levels holding. While the recent pullbacks look corrective in nature, the broader structure stands constructive because analysts point to clear accumulation zones and liquidity dynamics that define the next move. If things remain as they are at present, the $3,300 level is starting to materialize as a critical upside target going into early 2026.
From a wider market perspective, analysts suggest major crypto assets are still operating within their long-term bullish framework. Recent weakness looks more like a digestion of late-2025 gains than the breakdown of the cycle. In such an environment, Ethereum's consolidation around support could hint at a broader reset ahead of momentum, which tends to be magnified by thinner liquidity in short-term swings.
Technically speaking, Ethereum has been trading in a tight range for a number of months. The region between $3,300 and $3,800 is still heavily resistive, although the region between $2,500 and $2,800 has remained strongly supportive. The recent weakness back into the region of $2,900 has occurred with reduced selling volume, an indication that selling momentum could be waning, rather than building. The level of $2,800 has been pointed out as an important accumulation point by analysts.
The short-term price movements have been triggered by liquidity sweeps at major psychological levels. The breaks below $2,920 and reactions at the $3,000 region show non-committal actions by market participants. Increasing liquidity is being seen below $2,800 and above the region between $3,100 and $3,150.
Overall, Ethereum remains range-bound but healthy. This is because accumulation trends around the support levels coupled with declining sell volumes continue to validate the bullish hypothesis. A decisive break above $3,300 will most certainly trigger a return to favoring the buy side, while a breach below $2,800 will leave it susceptible to a test of the low levels of the range. It appears that the market is preparing for its big move.
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