Ethereum Compresses Near $2,950 as ETH Eyes Next Leg
Ethereum (ETH) is holding above $2,850–$2,900, a key support zone aligned with prior demand and Fibonacci confluence. Technical indicators show RSI near 35–40, signaling caution but not capitulation. A reclaim of $3,060 could trigger upside toward $3,190–$3,400, while a break below $2,800 risks a deeper retracement toward $2,700.
📌 Key Facts
Support Zone: $2,850–$2,900, coinciding with prior demand and Fibonacci levels.
Resistance Targets: $3,060 short-term; $3,190–$3,400 next potential rally zone.
RSI: Subdued near 35–40, indicating cautious market sentiment.
Trade Setup: Accumulate near $2,850–$2,900; target $3,190–$3,400; invalidation below $2,700.
Roadmap Influence: Upcoming Glamsterdam upgrade and later Hegota phase focus on scalability, efficiency, and sustainability, supporting potential long-term breakout.
Layer-2 Adoption: 8.7M+ new contracts deployed in 2026 strengthen bullish infrastructure fundamentals.
💡 Expert Insight
ETH is consolidating near critical support. Maintaining $2,850–$2,900 could set the stage for a significant rebound, especially as Ethereum’s technical upgrades and Layer‑2 adoption enhance network efficiency and scalability.
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