#CryptoMarketMildlyRebounds

Ethereum is currently moving within a consolidation phase after recent downside pressure. On the daily timeframe, price remains below short-term moving average resistance, indicating that bearish control has not fully ended yet. On the 4-hour chart, EMA7 around 2938 and EMA30 near 2962 continue to act as dynamic resistance levels, limiting upside momentum. At the same time, the 120-day moving average around 3015 stands as a major technical barrier, and only a sustained break above this zone would signal a meaningful trend shift toward the upside.
On the downside, the 2895–2915 area is holding as a strong support zone. The presence of a double bottom pattern in this region adds further strength, suggesting that buyers are actively defending these levels. As long as price remains above this support range, the possibility of short-term rebounds and range-based moves stays intact.
From a momentum perspective, the daily MACD shows that bearish momentum is gradually weakening, although a clear bullish crossover has not yet appeared. On the 4-hour timeframe, the MACD remains compressed at lower levels, reflecting reduced selling pressure and overall market indecision. This combination usually leads to sideways price action rather than a strong directional move, making key support and resistance levels especially important.
In terms of price structure, Ethereum faces its first resistance near the 2980–3000 zone, which also acts as a psychological barrier. A stronger resistance lies between 3015 and 3030, aligned with the 120-day moving average. A confirmed breakout above this zone, supported by rising volume, could open the way toward the 3100 level and mark the resumption of a bullish trend. Conversely, if price fails to break these resistance levels, rejection moves back toward support should be expected.
For short-term and intraday trading, a range-trading strategy remains the most suitable approach under current conditions. Long positions can be considered near the 2895–2915 support zone, targeting the 2980–3000 area, while short positions may be explored near the 2980–3000 resistance, targeting a pullback toward 2915–2895. These setups require disciplined risk management and confirmation through price behavior.
If the market transitions out of the range, breakout strategies should be guided strictly by volume confirmation. A strong move above 3030 may trigger a bullish continuation toward 3100, while a decisive breakdown below 2880 could accelerate downside momentum toward the 2850–2820 region. Overall, Ethereum remains in a neutral-to-bearish consolidation phase, and until a clear breakout emerges, patience and structured execution remain key.
$ETH ‌