$ETH price has struggled to hold above key psychological levels around $3,000, instead sliding and trading near the $2,800–$2,950 range amid recent selling pressure and weak risk appetite in the broader crypto market.
ETF outflows and U.S. regulatory uncertainty are cited as short-term bearish forces impacting sentiment.
📊 Technical Outlook
Analysts point to crucial support levels: holding above roughly $3,000–$3,050 is seen as important to prevent deeper declines. Breaking above key resistances could signal recovery.
Technical indicators (like RSI and moving averages) show mixed signals — neither strongly bearish nor decisively bullish yet, suggesting consolidation and indecision in the short term.
📈 Bullish Drivers
Network fundamentals remain solid — strong on-chain activity, growing Layer-2 adoption, and scalability improvements (like upcoming gas limit increases) could support long-term growth.
Some analysts forecast higher upside if critical resistances (e.g., ~$3,900–$4,000) are cleared, with targets into the $4,000+ range.
📉 Risks & Bearish Signals
Breakdowns below key supports could lead to further downside or extended consolidation, especially if ETF outflows continue and macro headwinds persist.
Mixed sentiment in the market and macro uncertainty add to short-term risk.
