#ETHTrendWatch

Ethereum is currently trading in the $2,950–$3,000 range, fluctuating around key psychological and technical levels. Over recent weeks, ETH has moved within a broader range of $2,700–$3,400, following a sharp ~15% correction from recent highs. This has shifted short-term sentiment toward a neutral-to-bearish tone, even though the broader structure still shows potential for recovery.

Key Price Zones and Market Structure
The most critical support zone sits between $2,900–$2,950, which is being tested heavily. If this zone fails, price could slide toward the next major support in the $2,700–$2,800 region, with some analysts highlighting $2,775 as a Fibonacci-based demand level.
On the upside, $3,000 remains a psychological barrier, followed by resistance at $3,050–$3,200. A clean breakout above these levels could trigger momentum toward $3,200–$3,500 in the short term.
Chart-wise, ETH is sitting near a horizontal demand zone, showing potential for a bounce, but a descending resistance trendline continues to cap upward movement.

Technical Indicators and Momentum Signals
From a technical standpoint, ETH remains under selling pressure, trading below key moving averages. The price is positioned below the midline of Bollinger Bands, signaling bearish short-term momentum.
Bulls must defend the $2,775–$2,900 range to prevent further downside exposure. If a recovery begins, the $2,909–$3,015 zone is expected to act as the first meaningful breakout region.

Some charts suggest a minor uptrend structure losing strength, indicating a pullback phase after rejection from resistance.
On-Chain Strength and Long-Term Fundamentals
Despite short-term volatility, Ethereum’s long-term fundamentals remain exceptionally strong.

A growing portion of ETH supply is being locked into staking, while expanding Layer-2 adoption continues to reduce circulating supply on exchanges — creating a potential long-term supply squeeze.
On-chain metrics such as active wallet growth, DeFi total value locked (TVL), gas usage trends, stablecoin inflows, and transaction demand indicate that real network usage remains healthy.
Ethereum is evolving from a speculative asset into a core financial infrastructure layer, supporting programmable money, decentralized finance, real-world asset tokenization, and global settlement systems.
In 2026, Ethereum’s strategic positioning and adoption maturity may matter more than short-term price fluctuations.

ETH vs BTC — Market Rotation Signals
The ETH/BTC ratio has recently shown signs of recovery, hinting at renewed relative strength against Bitcoin. If sustained, this could signal the beginning of a broader altcoin rotation phase, historically associated with stronger upside potential for ETH and major altcoins.

Price Outlook and Market Scenarios
Short-term scenario: Holding above $3,000 opens potential for $3,200–$3,500. Losing support may push price toward $2,700.
Medium-term outlook (2026): Optimistic projections place ETH above $5,000+ if adoption accelerates and ecosystem growth continues.

Conservative target: Reclaiming $3,900 remains realistic if usage-driven demand increases over time.
Whale activity: Recent market dips saw whales accumulate over $1B worth of ETH, suggesting accumulation and underlying confidence at current levels.

Overall Market Sentiment
Short-term sentiment remains cautious, with the market locked in a battle around the $3,000 zone. However, long-term conviction remains strong, supported by staking supply reduction, Layer-2 expansion, institutional interest, and Ethereum’s deepening role in global financial infrastructure.
The current phase appears to resemble a quiet accumulation period, where smart capital positions ahead of the next major momentum cycle.
$ETH ‌