$ETH Personally, I feel that this is the opportunity for the Air Force to get on board at a price range of 3100 to 3300. It should drop to around 2000. Currently, it seems to be in a state of inducing more buying. For the medium to long term, it is a good time to get on board.
$ETH Last night I just increased my position, and this morning I enjoyed it. I firmly believe the market will go down, shorting from four thousand to now, it’s the same hacker script again. Last time it dropped all the way down because of hackers, my parents didn’t even recognize it. This time it won’t be much different, now I’m shorting to enjoy the profits.
$ETH Short-term (1-3 months): Consolidation at the bottom, focus on the $2800-$3200 range
Recently, prices have formed a key support area between $2800 and $3000. On-chain data shows that whale addresses holding over 10,000 ETH continue to accumulate, with exchange reserves decreasing by over 1 million coins. Additionally, the network staking volume has surpassed 33 million coins, reaching a historical high, indicating clear signals of institutional accumulation. However, from a technical perspective, there is still pressure; the 4-hour chart is in a downward trend, with $3017 and $3173 as the main resistance levels. If these levels cannot be broken, there may be further testing of the $2800 support. On the macro level, the uncertainty of the Federal Reserve's interest rate policy may trigger market fluctuations, but strong buying support at low levels increases the probability of a short-term rebound.
Medium to long-term (6-12 months): Technical upgrades and ecosystem expansion drive upward movement
In terms of technical upgrades, the launch of the Fusaka mainnet will enhance Layer-2 scaling capabilities, expected to increase network throughput by ten times and resolve long-standing network congestion issues that have constrained Ethereum's development. Meanwhile, the proliferation of spot ETFs has lowered the entry threshold for institutions. By August 2025, the cumulative holdings of the U.S. ETH spot ETF are expected to reach 6 million coins, providing ongoing buying support for long-term value. Ecosystem-wise, continuous innovations in DeFi, NFT, and GameFi will increase demand for ETH, while the burning mechanism of EIP-1559 will reduce circulating supply during periods of network activity, creating a deflationary effect. If the regulatory environment becomes clearer, Ethereum is expected to target higher price levels, with some analysts predicting a target of $5000-$5600 by the end of 2025.
$ETH 3000 USD has fallen and closed below 2900 USD, with the next major support level pointing to the 2750-2860 USD range, and deeper demand around 2150 USD, corresponding to the depth support of historical pullbacks. Current technical indicators show a continued bearish pattern: the EMA moving average system is in a downward diffusion trend, MACD bearish momentum remains unchanged, and the price has broken below the lower Bollinger Band support, with short-term rebound resistance concentrated at 3198 USD (Fibonacci 0.618) and 3250 USD.
II. Potential Rebound Signals and Conditions
On-chain data shows some positive signs: whales have accumulated over one billion USD in ETH during the decline, and exchange ETH reserves have dropped to the lowest levels in years, reducing immediate selling pressure. If the following signals appear or trigger a rebound: RSI indicator enters the oversold zone (below 30) and forms divergence, trading volume significantly increases if it can be accompanied by the price recovering the 3050-3100 USD support range, or the Fusaka upgrade at the beginning of December boosts market sentiment.
III. Mid-term Risks and Scenario Predictions
Analysts point out that if macro liquidity continues to tighten or ETF fund outflows intensify, it could trigger a negative scenario of 2500-4500 USD. Conversely, if the network efficiency improves after the upgrade, L2 ecosystem activity rebounds, and the price recovers the 3450-3550 USD resistance range, the mid-term target might look towards 6000-7000 USD. The current NUPL indicator has dropped to 0.23, indicating reduced selling pressure from profits, but long-term holders accelerating their sales still create supply pressure. $ETH