Ethereum (ETH) — Latest Market Update

🔎 Current Price Action

Ethereum continues to trade under pressure as broader crypto markets remain volatile, driven by risk‑off sentiment and sell‑offs across major assets.

Recent downside reflects crypto market cap losses and short‑term technical weakness.

Despite weakness, whale accumulation (e.g., large ETH purchases) is signaling some market confidence.

📉 Short‑Term Technical Signals

ETH has struggled near key lows, with continued pressure below significant moving averages, hinting at possible continuation of bearish momentum unless buyers step in.

Technical levels suggest critical support in the ~$2,000‑$2,100 zone and resistance above recent swing highs closer to ~$2,350‑$2,500.

Oversold conditions on oscillators like RSI can sometimes precede short rebounds if buyers return.

📈 Analyst Forecasts

Short‑term forecasts see possible recovery ranges around $2,350–$3,100 if key resistance levels break.

Some models project broader medium‑term upside if market structure improves, even ambitious targets above prior highs later in 2026.

Bearish scenarios remain if support levels fail, potentially pushing price lower with intensified selling.