Ethereum is once again pressing into a well-defined resistance band between 2,950 and 3,004 — a zone that has consistently acted as a decision point across multiple recent market rotations. This area has repeatedly absorbed buying pressure, and each revisit has provided critical information about market strength, positioning, and overhead supply.
Despite several attempts, ETH has failed to establish sustained acceptance above this range, signaling persistent seller presence and structural hesitation. The current price behavior mirrors prior reactions in this zone, where momentum faded and directional clarity emerged only after rejection.
Key Observation
Price is now stalling at the upper boundary of resistance, suggesting that bulls are once again facing distribution rather than continuation. Unless this area is decisively reclaimed, the risk remains skewed toward a downside reaction.
Downside Levels Under Observation
Should weakness persist within this resistance band, the following levels stand out as high-probability reaction zones, derived from prior liquidity interactions and structural pivots:
2,904 — Initial support / short-term reaction level
2,836 — Intermediate demand zone
2,800 → 2,777 — Broader downside target region with historical significance
These levels are not arbitrary; they represent areas where price previously paused, reversed, or consolidated — making them critical for evaluating continuation versus stabilization.
Invalidation Level
A clean and sustained move above 3,161 would invalidate the current bearish structure. Such a move would indicate acceptance above resistance and a meaningful shift in market control, forcing a reassessment of the broader bias.
Conclusion
Until that invalidation occurs, the 2,950–3,004 range remains the dominant battlefield. How ETH behaves here will likely dictate the next impulsive move. Patience is key — this is a zone for observation, not anticipation.
Disclaimer:
This analysis is strictly for educational purposes and reflects my personal interpretation of market structure and key levels.
I am not a financial advisor, and this is not financial advice or a trade recommendation.
