*$ETH Update: Ethereum Holding Support After Sharp Drop – What’s Next?*

Ethereum is consolidating just above a key demand zone after a sharp breakdown last week. Price bounced off the 2,850–2,900 region, showing signs of stabilization—but momentum remains weak.

*Key Technicals:*

• *Structure:* Still below short-term resistance at 3,000

• *Momentum:* RSI recovering, but MACD remains flat

• *Volume:* Low but steady—no clear breakout yet

*What to Watch:*

• A strong reclaim above3,000 could trigger upside toward 3,150+

• Breakdown below2,850 opens up risk to 2,700–2,750

• On-chain activity still muted—ETH needs volume and participation

*Outlook:*

ETH is in a decision zone. Bulls need a strong push above $3K to regain control. Until then, this is a waiting game.

#Ethereum #ETH #CryptoUpdate #ETHAnalysis $ETH

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