Artem Voloskovets
⬤ Ethereum has entered a technically important zone, trading just above the $3,000 support level on the daily chart. After pulling back from higher resistance areas, the price has been consolidating near a clearly marked demand zone. Market watchers note that ETH looks ready to revisit $3,000, where buy orders are visibly stacked on the order book.
⬤ The chart shows several resistance bands sitting above current price action—around $3,180, $3,350, and near the $3,700 mark. Below that, the $2,960–$3,000 range stands out as a critical support area that's already absorbed selling pressure in the past. Ethereum previously dropped sharply toward the $2,800 region before bouncing back and settling into its current sideways pattern. Since then, it's been stuck in a holding pattern, suggesting the market might be hunting for liquidity before picking a direction.
⬤ Chart projections show a few possible scenarios, including a short-term dip into the $2,960–$3,000 support zone before attempting to recover. This kind of support sweep lines up with what we've seen before—quick moves down followed by stabilization and bounce-backs. The fact that price hasn't broken decisively above nearby resistance tells us momentum is pretty neutral right now, making a retest more likely than an immediate rally.
⬤ This setup matters because Ethereum often sets the tone for the broader crypto market. How ETH behaves around that $3,000 support could influence sentiment and volatility across other digital assets. Whether it holds cleanly or needs a deeper test will probably shape what happens next, especially since price is currently squeezed between well-defined support and resistance zones.
Artem Voloskovets
