Victoria Bazir
⬤ Ethereum (ETH) is stuck in a no-trade zone right now, with price action showing no real conviction in either direction on the daily chart. ETH needs to either push back above $3,000 or drop down to retest the $2,700–$2,800 support area before we see any meaningful volatility return. Currently trading near $2,926, ETH has been consolidating after pulling back from recent highs, sandwiched between resistance bands above and support zones below.
⬤ There are two clear scenarios from here. If ETH manages to break and hold above $3,000, the next target sits around $3,125–$3,250, with a stronger resistance zone closer to $3,400. These upper levels, marked in red on the chart, represent areas where sellers previously stepped in and stopped upward momentum. Until Ethereum reclaims these levels, the outlook stays neutral rather than bullish.
⬤ On the flip side, if ETH drifts lower, the $2,700–$2,800 zone is the first key support area where buyers might step in. Below that, there's another support band near $2,550–$2,600 that could come into play if the first layer doesn't hold. Right now, Ethereum is caught between these zones, with arrows on the chart showing potential bullish and bearish paths depending on which level gets tested first.
⬤ This setup matters because clearly defined support and resistance boundaries shape how traders approach liquidity, risk, and engagement across the broader crypto market. With Ethereum stuck in this range instead of trending, many participants are staying cautious and waiting for a breakout or breakdown. A decisive move above resistance or into lower support could shift sentiment quickly and set the tone for Ethereum's next directional phase—and likely influence altcoin momentum as well.
Victoria Bazir
