Ethereum (ETH) is currently consolidating around $2,950 – $2,960 USD, holding above critical support after testing the $2,890 low and $3,005 high range in the last 24h. Market structure shows sideways movement with cautious accumulation underway. 📊
From a macro perspective, ETH remains down from its 2025 all-time high of ~$4,953, indicating that bulls need confirmation before strong upside rallies resume. 💡
Sentiment shows mixed signals — social metrics in past cycles spiked toward “extreme greed” before retracements, reminding traders not to chase tops. 📈 🔁
Key levels to watch:
• Immediate resistance: $3,100 – $3,200
• Support pivot: $2,850 – $2,900
• Bull trigger: Break above $3,250 w/ volume
Short-term traders should tighten stops on rallies, while longer-term holders may accumulate on dips. Risk management remains essential.
