Ethereum price action has entered a critical phase after a steep rejection from the $3,400 area earlier this month. The asset has since rebounded from the $2,780–$2,800 demand zone, where buyers defended losses aggressively. Price now consolidates near $3,060 on the 4-hour chart, suggesting short-term stability after heavy selling pressure.
Ethereum price action has entered a critical phase after a steep rejection from the $3,400 area earlier this month. The asset has since rebounded from the $2,780–$2,800 demand zone, where buyers defended losses aggressively. Price now consolidates near $3,060 on the 4-hour chart, suggesting short-term stability after heavy selling pressure.
However, ETH continues to trade below key moving averages, keeping traders cautious about declaring a full trend reversal. Consequently, market participants now focus on whether Ethereum can convert this rebound into a sustained recovery or fade into another corrective leg.
Ethereum’s recovery attempt faces immediate friction near the $3,100–$3,120 region. This zone aligns with Fibonacci resistance and short-term EMA compression.
Hence, bulls need strong follow-through to overcome this barrier. A move above $3,160–$3,180 would improve structure, as this range marks a prior breakdown zone.
Additionally, analysts view the $3,250–$3,300 supply area as the true pivot for bullish control. A reclaim of this zone would signal renewed trend strength and open room toward $3,400.
On the downside, the $3,000–$3,020 area now acts as psychological support. Price has respected this zone during recent consolidation. However, a slip below $2,950 could weaken confidence and expose the $2,780–$2,800 demand region again. Consequently, ETH remains range-bound, with volatility likely to expand once price exits this compression.
Ethereum derivatives data shows resilience despite recent price weakness. Open interest has cooled from late-2025 peaks but remains elevated near $39.8 billion. This structure suggests leverage reset rather than capitulation. Moreover, open interest has stabilized while price consolidated, often a setup for directional expansion.
Spot flow data presents a more cautious picture. Ethereum has seen extended net outflows, reflecting risk-off behavior and limited buyer conviction.
Recently, flows have narrowed near the $3,000 level, suggesting selling pressure may ease. However, sustained inflows remain necessary to support a durable upside move.
Beyond price action, Ethereum prepares for the ERC-8004 mainnet launch. The standard aims to enable trustless AI-agent interactions across networks. Davide Crapis of the Ethereum Foundation highlighted Ethereum’s role in securing AI-to-AI coordination. This initiative aligns with broader network goals championed by Vitalik Buterin.
Additionally, developers from MetaMask, Coinbase, and Google contributed to the standard. Consequently, this upgrade may strengthen Ethereum’s long-term relevance as AI-driven applications expand.
Key levels remain well-defined for Ethereum as price stabilizes after the recent sell-off.
On the upside, $3,100–$3,120 stands as the first resistance cluster. A breakout there could open a move toward $3,160–$3,180. Beyond that, $3,250–$3,300 remains the key zone to flip for a broader bullish shift. Failure to reclaim this area keeps rallies corrective.
On the downside, $3,000 is the immediate support buyers must defend. Below that, $2,950–$2,980 serves as the next buffer, followed by the major demand zone at $2,780–$2,800. The technical structure suggests ETH is consolidating after a sharp impulse, with volatility likely to expand soon.
Ethereum’s near-term direction depends on whether buyers can hold $3,000 and push through $3,120 with conviction. A successful breakout could trigger a grind toward $3,180 and higher.
However, repeated rejection keeps downside risks active. For now, ETH trades in a pivotal zone, where momentum and flows will decide the next leg.
