📊 Market & Price Action

$ETH is trading around ~$2,900–$3,000, showing consolidation near a key psychological level. Recent trading has been muted with tight ranges, indicating indecision among traders. �

TokenPost +1

Price recently dipped below and reclaimed the $3,000 area, but pressure remains from short-term technical resistance. �

FXStreet

🧠 Technical Picture

ETH is holding key support (near its long-term trend), meaning the broader bullish structure isn’t broken yet. �

TokenPost

The current pattern is often seen as a compression before a breakout — but it could go either way before making a decisive move. �

Altcoin Buzz

🔥 Short-Term Catalysts

Bullish:

Institutional accumulation and staking activity (e.g., BitMine buying and staking large ETH positions). �

CoinDesk

Recent Fusaka upgrade and future protocol improvements aim to increase scalability and utility. �

CoinMarketCap

Bearish/Pressure Factors:

ETF outflows and rotation into other assets have weighed on ETH’s price momentum. �

CoinGape

Repeated failure to hold above strong resistance could lead to deeper pullbacks (some expect potential retests toward ~$2,500 if selling intensifies). �

CCN.com

📌 Sentiment

Mixed: Some traders see the sell-off as a healthy correction and buying opportunity, while others are cautious until a clear breakout above $3,000–$3,100. �

AInvest +1

Summary: ETH is in a sideways consolidation near the critical $2,900–$3,000 range.

Near-term: Could stay choppy or break out once buyers regain control.

Longer term: Upgrades and institutional interest support a bullish thesis, but macro & ETF dynamics could delay a rally.

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