Overview
- ETH is consolidating near $3,100 after failing to clear $3,150–$3,200, with buyers defending $3,080–$3,050 support.
- Analysts highlight a daily symmetrical triangle and say a sustained close above roughly $3,240–$3,300 would signal bullish continuation, while a drop below $3,050–$3,080 exposes $3,020–$2,900.
- On-chain activity is improving as the 30‑day SMA of active addresses climbs above 400,000 and staking interest grows.
- Santiment reports social sentiment at lows last seen before the 2025 rally, a setup that has previously preceded upside moves.
- Derivatives data show more than $1 billion in nearby liquidation clusters, raising the chance of a sharp move once direction is confirmed.