Overview
- ETH is trading around the $3,000–$3,100 zone after recent lows near $2,955, preserving long-term support on the 200-week moving average while facing the 50-week average as resistance.
- Chartists report a bullish RSI divergence at the ~$2,900 high‑time‑frame support and an ascending triangle structure that often precedes upside when validated.
- Key near-term hurdles sit around $3,150–$3,260, with upside objectives cited at approximately $3,425 and a higher resistance band around $3,500–$3,650 if momentum extends.
- Several analysts emphasize the need for an impulsive bullish candle with strong buy volume to confirm the setup, warning that a loss of $2,900 could reopen lower supports.
- On-chain data show long-term holder balances rose by roughly 17 million ETH in 2025 to more than 27 million, reinforcing conviction even after a month-on-month drop of about 23%.