Ethereum Struggles at $3K, Eyes $2,800 Support Zone
Ethereum fails to hold $3K as traders watch $2,800–$2,850 for a potential reversal.
- Ethereum failed to reclaim the $3,000 resistance.
- Support lies at the $2,800–$2,850 level.
- A reversal may follow a sweep of this support zone.
Ethereum attempted to push above the $3,000 level but was quickly rejected, signaling that this resistance remains a strong barrier for the bulls. After facing this rejection, ETH is now pulling back and approaching a crucial support area between $2,800 and $2,850 — a range that previously held during last week’s dip.
The failure to break above $3,000 could suggest that bullish momentum is weakening in the short term. However, this doesn’t necessarily indicate a bearish trend. Instead, many traders believe that Ethereum might perform a “sweep” of the $2,800 zone — a temporary move below support to trigger stop-losses — before a potential price reversal kicks in.
Why $2,800–$2,850 Matters
This zone isn’t just a random price range; it has served as a strong support level recently. When prices return to such levels, they often provide a good buying opportunity — especially if broader market sentiment remains bullish.
If Ethereum can defend this support again, it might set the stage for another attempt to break through $3,000. However, if this level fails, ETH could head lower toward the next major demand zone. As always, volume and momentum indicators will play a key role in confirming any reversal or breakdown.
Looking Ahead: Caution and Opportunity
Short-term traders should keep a close eye on the $2,800–$2,850 region. A clean bounce from this level could trigger a quick recovery, while a breakdown may signal deeper consolidation.
While the immediate momentum has cooled, Ethereum still maintains its long-term bullish structure — but timing and entry levels remain crucial in this volatile market.
Read Also :
- Russia to Launch Crypto Rules Allowing Retail Traders
- ZKP Gains Serious Traction: Live Presale Auction Fuels 7000x Hype While XLM & SUI Struggle
- “USS Status” Launch: Crypto Veteran Returns With Satirical Cartoon, Privacy App, and Gasless L2
- Hyperliquid Tops Binance in BTC Liquidity
- CPENG Rally Surges 25%, Hits $2.5M Volume
