2025-12-26 21:26:20

ETH Technical Outlook: Price Action Near Critical Threshold

Ethereum is currently testing the waters around the $3,000 mark, a critical resistance level for bulls. The real test comes during pullbacks—specifically, whether the asset can hold the 2-hour fair value gap (FVG) support zone sitting between $2,920 and $2,940.

If this support holds firm during corrections, we're likely to see a fresh push toward breaking through that $3,000 barrier. The technical setup here is straightforward: support holds = breakout attempt; support fails = deeper retracement likely.

Traders are watching this price action closely. The way ETH behaves in this $2,920-$2,940 zone will determine the near-term momentum. A bounce from these levels would suggest buyers are active, while a break below could signal weakness.

ETH0.64%

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On-ChainDiver

· 2h ago

Breaking through the 3000 barrier is so difficult; it seems we have to rely on the 2920-2940 range to hold up.

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nft_widow

· 2h ago

3000 is really a tough level to break, it all depends on whether we can hold the 2920-2940 range.

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Whale_Whisperer

· 2h ago

At the $3000 mark, it all depends on whether $2920-$2940 can hold. So annoying.

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UnluckyLemur

· 2h ago

If it can't break 3k, don't boast; I see this support as uncertain.

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GasFeeDodger

· 2h ago

3000 is really too magical, every time I keep pulling back and forth here... The $2920-2940 range might again be a trap If it can't break 3K, just keep exploring downward, anyway I'm used to it Be careful of falling into traps if the support is gone, everyone

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