• $ETH ETH is trading around ≈ $2,000 per coin with modest daily gains, showing some support after recent volatility.
• Prices are still well below previous all-time highs near ~$4,800, reflecting broader crypto market pressure this year.
Short-Term Trend:
📉 Market sentiment has been mixed: while Bitcoin and crypto markets show stability, technical indicators point to potential short-term volatility ahead. Analysts advise caution for active traders as on-chain data hints at sideways price action before clear direction emerges. �
The Economic Times
Bullish vs Bearish Views:
• Bullish: Some forecasts from analysts suggest possible recovery ranges of $2,800–$3,400 in the near–medium term if resistance levels are overcome. �
• Bearish/Sideways: Overall macro pressure (slowing retail demand, broader market strength uncertainty) could keep ETH range-bound until broader crypto confidence improves. �
MEXC +1
Barron's
Key Levels to Watch:
🔹 Support zones: ~$1,900–$2,000 (current price area)
🔹 Upside resistance: ~$2,800–$3,200 range if buying returns
🔹 Longer term: Some analysts remain optimistic at multi-year horizons but emphasize no guaranteed timing. �
MEXC
Bottom Line:
Ethereum is trading quietly compared with past bull runs, with short-term volatility possible. Traders watching key support and resistance zones could get a clearer signal before the next strong directional move.
