Ethereum trades near $2979.6. The price sits between clustered EMAs and the mid Bollinger Band. Volatility has cooled after a sharp December swing.
Candles show short bodies and mixed wicks, signaling balance. This zone reflects hesitation, not strength or weakness. Let’s discover more how the Ethereum price can change.
What are the Supports and Resistances
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $2919.9 | Major demand zone. Prior selloff stalled here with strong reaction. |
| Support 2 | $2734.6 | Lower Bollinger Band area. Acts as short-term volatility floor. |
| Resistance 1 | $3067.6 | Key range cap. Multiple rejections define this control level. |
| Resistance 2 | $3437.6 | Higher timeframe ceiling. Marks the upper distribution zone. |
FAQ
What Ethereum price targets should I consider?
Traders focus on $2919.9 and $3067.6. These define the active range edges.
Is Ethereum Bullish?
The structure is neutral. EMAs are flat and tightly stacked, showing balance.
How do I set stop-loss levels for Ethereum?
Stops often sit just beyond $2919.9 or above $3067.6, outside the range noise.
What are the Ethereum moving averages indicating?
The 20 EMA sits near $2979.2, the 50 EMA near $2969.8, and the 100 EMA near $2964.2. This tight stack signals compression.
Should I buy or sell ETH?
The chart favors patience. Range conditions reward reaction, not direction.
How do Fibonacci levels affect Ethereum price?
Retracement reactions align with $3067.6 and $2734.6, reinforcing them as control points.
What does $ETH momentum show?
Momentum is muted. Bollinger Bands between $3025.8 and $2919.9 show contraction.
Conclusion
Ethereum remains boxed inside a defined range. EMA compression and tight Bollinger Bands reflect reduced volatility. Until price leaves the $2919.9 to $3067.6 zone, the market stays controlled and reactive.
Disclaimer
**The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Ethereum and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.**
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