$ETH is trading around ~$3,000 after holding support near the $3,000–$3,200 zone. Recent price action shows consolidation with potential for renewed upside if key resistance breaks.
🔍 Technical Signals
Support Levels: ~$2,950–$3,050 — a critical base that has limited deeper losses.
Resistance Ahead: ~$3,300–$3,500 — a breakout here could restart bullish momentum.
Patterns: A “descending wedge” and buying pressure growing near support suggest short-term bullish tilt.
🛠 Fundamental Catalysts
Fusaka Upgrade (Dec 3, 2025): Improved scalability with PeerDAS is reducing fees and enhancing Layer-2 throughput, strengthening Ethereum’s long-term network appeal.
Institutional & ETF Flows: Ongoing ETF and institutional interest continues to tighten supply and support price structure.
Real-World Use: Launch of tokenized financial products on Ethereum (e.g., JPMorgan’s fund) highlights growing adoption.
📊 Neutral to Slightly Bullish Outlook
In the short term, $ETH is range-bound but defending support well.
Bullish breakout above $3,300–$3,500 could signal recovery toward higher levels.
If support falters below ~$2,900, deeper correction risks increase.
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