đ Current Situation
$ETH recently broke below the $3,590 support level with increased volume, showing signs of bearish momentum. CoinDesk+1
It is now consolidating around $3,600, stuck in a narrowing range while the medium-term trend remains down.
On-chain data show investors have slowed selling, but thereâs not yet strong new buying to drive a clear recovery. BeInCrypto+1
đ§ Key Levels to Watch
Support: ~$3,300 is a major lower boundary. A break below that may lead to further decline.
Resistance: ~$3,900 is the key ceiling. If ETH breaks above this with strong volume, it could trigger a bullish move.
Medium scenario: ETH trading between ~$3,300 and ~$3,900 until one side breaks decisively.
đź What Could Happen
Bullish path: If ETH clears the ~$3,900 resistance and macro conditions improve (e.g., risk-on sentiment, favorable liquidity), it could climb toward ~$4,400-$4,500 by end of year. onesafe.io+1
Bearish path: If support around ~$3,300 fails, the downtrend could resume and ETH might target ~$2,700-$3,000 zone.
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My View
Short-term: Risk is weighty because ETH is under pressure, and buyers havenât stepped in strongly yet.
Longer term: The fundamentals (network use, staking, institutional interest) remain solid. So if youâre investing for the long haul, thereâs potential. But if youâre trading short-term, you must watch those key levels closely.
For you (since youâre new to trading): Consider using tight risk control (stop losses), since crypto moves fast. And donât put more than you can afford to lose.
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