Ethereum’s price trend has entered a critical phase after a significant rejection from the $3,400 area earlier this month. The asset has since recovered from the $2,780 to $2,800 demand zone, where buyers aggressively defended their losses. Price is currently consolidating around $3,060 on the 4-hour chart, suggesting short-term stability after experiencing strong selling pressure.
but, $ETH It remains below major moving averages, making traders wary of declaring a complete trend reversal. As a result, market participants are now focused on whether Ethereum can turn this rebound into a sustained recovery or fade into another correction leg.
Technical structure remains weak below key resistance levels
Ethereum’s recovery attempt faces immediate friction around $3,100-$3,120. This zone coincides with Fibonacci resistance and short-term EMA compression.
Therefore, bulls require strong follow-through to overcome this barrier. This range marks the previous breakdown zone, so the structure will improve above $3,160-$3,180.
Moreover, analysts see the $3,250-$3,300 supply area as the real cornerstone of bullish control. Retrieving this zone would indicate renewed trend strength and open room for $3,400.
$ETH Price dynamics (Source: Trading View)
On the downside, the $3,000 to $3,020 area is acting as psychological support. Price has respected this zone in recent integrations. However, a break below $2,950 could dampen confidence and re-expose the $2,780-$2,800 demand area. the result, $ETH It remains range bound and volatility is likely to increase once prices break out of this compression.
Derivatives and spot flows suggest pending volatility
Ethereum derivatives data shows resilience despite recent price weakness. Open interest has fallen from its peak in late 2025, but is still elevated to nearly $39.8 billion. This structure suggests a leverage reset rather than capitulation. Furthermore, open interest has remained stable while prices have stabilized, and in many cases is set up for directional expansion.
Spot flow data shows a more cautious picture. Ethereum has seen increased net outflows, reflecting risk-off behavior and limited buyer confidence.
Flows have been tapering recently around the $3,000 level, suggesting that selling pressure may ease. However, sustained inflows are still needed to support a sustained bull market.
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Network development adds fundamental undercurrents
Beyond price action, Ethereum is preparing for the upcoming ERC-8004 mainnet launch. This standard aims to enable trustless AI agent interactions across networks. Davide Crapis of the Ethereum Foundation highlighted Ethereum’s role in ensuring collaboration between AIs. This initiative is in line with the broader network goals advocated by Vitalik Buterin.
Additionally, developers from MetaMask, Coinbase, and Google contributed to this standard. As a result, this upgrade could strengthen Ethereum’s long-term relevance as AI-driven applications expand.
Technical outlook for Ethereum price
Ethereum’s key levels remain well-defined as the price has stabilized after the recent decline.
On the upside, the first resistance cluster exists between $3,100 and $3,120. A breakout here could start a move towards $3,160-$3,180. Beyond that, $3,250-$3,300 remains the key zone for a broader bullish shift. If this area is not reclaimed, the rally will continue to be modified.
On the downside, $3,000 is the immediate support buyers need to protect. Below that, $2,950-$2,980 acts as the next buffer, followed by a key demand zone of $2,780-$2,800. The technical structure suggests that $ETH Prices are consolidating after a sharp rally, and volatility could soon increase.
Will Ethereum go up?
Ethereum’s near-term direction will depend on whether buyers can hold onto $3,000 and break out of $3,120 with confidence. A successful breakout could trigger a rally towards $3,180 and above.
However, if negative reactions are repeated, downside risk continues. For now, $ETH Trade in a pivotal zone where momentum and flow determine the next leg.
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