Ethereum is holding steady above a major support zone, and the market seems to be respecting this level for now. After a week of uneven price action, $ETH is showing signs of stabilization, which is usually the first step before momentum returns.
Buyers have been defending the $3,000–$3,050 range aggressively. This area has acted as a demand pocket multiple times, and every bounce reinforces trader confidence. As long as ETH stays above this zone, the short-term outlook remains constructive.
What traders are watching now is simple:
If ETH can push back above its near-term resistance, it may regain bullish momentum. Volume remains moderate, but not weak, suggesting the market is waiting for a catalyst rather than losing interest.
Overall, the tone remains cautiously positive. Ethereum continues to hold its ground while the broader market searches for direction. A clean break above resistance could open the door for a stronger move, but if support fails, volatility may pick up quickly.