- ETH trades near $3,050; $13B daily volume. $370B market cap holds #2 crypto position firmly.
- Key range: $2,980 support vs. $3,150 resistance. Break above targets $3,300; below eyes $2,900.
- RSI at 48 shows neutral momentum; price above 50-DMA ($3,000) but below 200-DMA ($2,700) support.
Ethereum (ETH) trades near $3,050 per coin. Over the past 24 hours, its trading volume has held around $13 billion, reflecting steady participation from both retail and institutional investors.
Over the last week, ETH’s price has fluctuated between approximately $2,980 and $3,150. Sellers stepped in as the price approached the $3,150 mark, creating a short-term ceiling.
Conversely, buyers found support near $2,980, a level that has held firm after two tests earlier in the week. As a result, the token has traded within a narrow range, suggesting that market participants remain cautious.
On the multi-day chart, the 14-day Relative Strength Index (RSI) sits close to 48. This reading indicates neither overbought nor oversold conditions. Should the RSI drift above 55, buyer momentum might strengthen, potentially propelling ETH toward the $3,200 threshold. Conversely, if the RSI drops below 40, sellers could gain the upper hand, driving prices back toward the $2,900 level.
The 50-day simple moving average (SMA) currently rests near $3,000. ETH’s ability to stay above this line implies that the broader trend is still mildly bullish, though recent price action has tested that balance.
Meanwhile, the 200-day SMA sits around $2,700. Since ETH remains well above that longer-term average, the overall trajectory remains favorable for those expecting sustained gains.
Immediate support lies at $3,000. If that level gives way, the next floor is near $2,900, a zone where buyers previously entered to prevent further declines. On the upside, the first hurdle sits at $3,150.
Clearing that mark on higher volume could open the path toward $3,300, where sellers have shown resistance in past sessions. A successful breach above $3,300 might trigger a push toward $3,500, though that would require a noticeable uptick in demand.
In terms of on-chain metrics, daily active addresses and transfer volumes have remained steady but have not shown a significant uptick. This stability suggests that while ETH’s network activity remains solid, fresh capital flows have not yet accelerated.
Overall, ETH trades in a defined band between $2,980 and $3,150. Technical indicators point to a balanced market, with neither bulls nor bears holding clear control. If buyers can drive volume higher and push past $3,150, the token may test higher targets.
However, a break below $3,000 could signal a deeper pullback toward $2,900 or lower. Watching these levels, alongside RSI moves and volume patterns, should clarify which side will gain control next.
