After three dull days, the market is finally green today.
Bitcoin is holding up, sentiment feels a bit lighter, and most major altcoins are moving higher. Nothing explosive. But enough to notice.
Ethereum is behaving differently. While others are pushing ahead, Ethereum is up only around 1.5%. It looks slow, almost stuck, and that is exactly why it stands out.
This kind of pause usually shows up when the price is not chasing momentum but settling into structure. From an Ethereum price prediction angle, Coin does not look weak here. It looks measured. Quiet phases like this often matter more than fast moves in the cryptocurrency market.
Ethereum could not stay above $3,180–$3,200 and slipped back, but the move did not turn ugly. Price rotated lower, not dumped.
The rising trendline is still holding. Every pullback into this line has slowed selling, and this dip is doing the same. The $2,900–$2,920 area sits right on it, which is why price keeps reacting here.
Above that, the $3,060–$3,080 green zone matters. Price has reacted around this zone before. Until ETH gets back above it, the upside looks limited.
RSI dipped toward the lower end and is now flat. It did not stay oversold. Selling pressure looks tired, not aggressive. ETH does not look strong but it still looks supported.
Source: TradingView
Levels to Watch
Support: $2,900–$2,920
Key zone: $3,060 – $3,080
Resistance: $3,180 – $3,200
Short-Term View
As long as ETH stays above the trendline and $2,900, the structure holds. The first test remains in the $3,060–$3,080 zone.
Invalidation: A 4H close below $2,880 breaks this setup.
Alongside technical support holding, derivatives activity also picked up. A widely shared post on X from MaxCrypto highlighted a $202 million ETH long position opened with 15x leverage, with liquidation marked near $2,495.
This added short-term interest around ETH, but price action near support remains the primary driver.
On the daily chart, Coin price is reacting cleanly from the lower support zone, just as expected. A widely followed chart shared by TheSkayeth on X highlighted that the momentum signal has turned blue again. The last time this shift appeared, ETH moved from the $1800 region toward $4900.
Right now, price action looks constructive rather than aggressive. The bounce is controlled, not impulsive. From here, the chart structure keeps $3600 and $4000 as key reaction zones, while a sustained continuation opens room toward the $5000 area over time.
Momentum has improved, but follow-through will matter more than signals alone.
From an expert view, Ethereum price prediction is improving as the price holds firm near the $2,900–$3,000 zone, which continues to act as a strong base. The bounce looks controlled, not rushed. As long as ETH stays above this area, the structure remains constructive. On the upside, $3,600 and $4,000 are the next key reaction levels. Momentum has picked up, but follow-through above these zones will matter more than signals alone.
YMYL Disclaimer: This article is strictly informational in nature and does not constitute an investment recommendation. Investment in cryptocurrencies is extremely volatile. It is always essential to do your own research before making any investment.
Rahul Rathore brings over 3 years of hands-on experience in technical analysis, specializing in crypto, stocks, and market trend forecasting. With a deep understanding of chart patterns, indicators, and market psychology, Rahul delivers precise, actionable insights that help traders and investors make informed decisions. His analytical approach combines technical expertise with real-world market understanding, making his content reliable and highly valued by both novice and experienced traders.