$ETH Analysis | Dec 23, 2025
ETH has repeatedly failed to break out and is currently consolidating in a narrow range between 2950–3050. Sideways movement at this level has persisted for an extended period, suggesting accumulation is underway, but extended consolidation often precedes a directional move.
From a leverage perspective, yesterday’s spike to 3077 likely cleared some longs, revealing the market's intention to keep price range‑bound for now.
Current Setup:
Price has pulled back to short‑term retracement resistance.
Key levels to watch: 3035–3055. A second rejection here may lead to a short‑term dip.
The main fuel/accumulation zone is between 2920–3120.
Intraday Outlook:
There’s potential for southward leverage clearing during today’s session.
If 2950–2920 holds as support, expect another push toward 3100 in the evening.
A break above 3100, followed by a successful retest of 3050 support or consolidation above 3120, could open a path to 3165 → 3200 → 3350.
Breakout Context:
A stable close above 3300 would break the upper boundary of the current retracement channel.
A confirmed retest and close above 3050 could trigger the first wave of the main uptrend, accelerating away from this dense trading range.
Risk Management Note:
Avoid holding positions overnight — especially shorts — as upward momentum is gradually building and holding can lead to rapid losses.
Summary — Trading Plan:
Box Ranges: Small box 2950‑3050 | Large box 2900‑3100
Long Strategy: Light entries on dips in 2900–2950 zone. Strict stop below 2900. Fuel is concentrated above 2920. A break below 2900 signals bearish imbalance, likely targeting 2830 (no strong support; avoid holding).
Short Strategy: Fade failed breaks at 3050–3100 with light positions. Take profits quickly — ambition is risky. Upward spikes are expected, so existing shorts above 3050 should use trailing stops to protect profits.
Trade within the ranges today — simpler, range‑aware execution.
