Overview
- ETH is consolidating around $3,080–$3,100 after a multi-day pullback, with buyers defending the $3,050 area and short-term momentum indicators neutral to slightly weak.
- Near-term resistance sits around $3,180–$3,300, and analysts highlight $3,240 as the level that would need a strong-volume close to tilt structure back to bullish.
- An earlier analysis from Brave New Coin cites a cup-and-handle breakout above ~$3,800 on the daily chart as a bullish cue, though sustained follow-through has yet to be confirmed.
- An inverted monthly-chart view from Egrag Crypto flags $3,800–$4,500 as the first critical zone to clear, with $6,000–$7,500 as a later objective and a possible retest risk at $1,800–$2,200.
- Institutional ETF flows and staking dynamics are cited as supportive factors, while long-term valuations remain highly uncertain, exemplified by VanEck’s 2030 range of $300 to $154,000.