ETH Price Range: $3,079–$3,136 with Key Supports at $2,900–$3,000
ETH oscillates in a $3,079–$3,136 range today, with immediate support at $3,079 (day low) and resistance near $3,136 (day high), extending to $3,200 on broader charts. Year-to-date, ETH ranges from a low of $1,383 to a high of $4,956, underscoring significant recovery potential from earlier corrections. Neutral capital flows persist, with no major inflows or outflows dominating, though ETF activity and staking demand provide underlying support.
Short-Term Bullish Bias with Higher Lows Above $3,000 Support Zone
The short-term trend shows mild bullish bias after recent dips, with ETH forming higher lows around $3,000 amid a broader corrective phase from summer peaks near $4,800. Key supports cluster at $2,900–$2,950 (Fibonacci and historical bottoms), $2,980, and $3,000; resistance at $3,200–$3,300, with breaks targeting $3,400–$3,500. A descending channel on daily charts suggests rebound potential if $3,100 holds, but sub-$2,900 risks deeper pullback to $2,600.
RSI Neutral at 45–55, MACD Flattening Signals Momentum Buildup
RSI lingers around neutral (45–55), avoiding oversold territory and hinting at momentum buildup; MACD shows flattening histogram, signaling potential crossover. ETH trades below EMA 50/200 but above EMA 20 on hourly frames, with volume divergence pointing to accumulation. Weekly ratings lean "Buy" due to Layer 2 upgrades like Fusaka (early December) and staking yields, contrasting daily "Neutral" consolidation.
Fusaka Upgrade Boosts ETF Inflows Amid 85% Fed Rate Cut Odds
ETH holds steady post-Fusaka upgrade, with analysts noting renewed ETF inflows from BlackRock amid 85% Fed rate cut odds and weakening dollar index. Discussions highlight undervaluation as a global settlement layer, with X sentiment targeting $3,200–$4,000 short-term. No major breakdowns in the last day, though oracle sector jitters from AI fears indirectly pressure; focus shifts to inflation data and year-end rallies.
Fed Softening and Whale Accumulation Counter November 10% Drop
Direct catalysts include Fusaka's scalability boost, ETF net positives (5% quarterly turnover expected), and DeFi/staking demand countering November's 10% drop. Indirect drivers encompass Fed softening (20–30% historical ETH pumps in similar setups), BTC correlation (ETH outperforming lately), and whale accumulation at supports. Risks involve ETF outflows, geopolitical tensions, or BTC weakness amplifying 5–10% swings; spot interest steady, futures mildly long-biased.
Base Case $3,329 Tomorrow, Bullish $3,729 December Max Target
Technical base case eyes $3,329 by December 15 (+2.52%), extending to $3,400–$3,500 mid-month on resistance breaks, per CoinCodex and Wall Street patterns. Bullish alternate hits $3,729 max for December, fueled by holiday effects (15% avg December gains) and $4,200 year-end if Fusaka momentum sustains. Bearish risks $2,500–$2,600 on support failure, with Polymarket at 45% odds above $4,000 by close.
Spot Cautious Dips, Futures Longs on Weekly Buy Signals
Spot traders exhibit consolidation fatigue with cautious buys at dips; futures lean optimistic (longs on weekly "Buy"), driven by L2 ecosystems and 16–40% upside projections. Overall vibe "cautiously bullish," with high staking interest (yields >4%) and DeFi revival fostering accumulation despite short-term range-bound action.
Buy $3,000 Dips to $3,300, Accumulate for $3,500–$4,000 Breakout
Short-term: Buy dips to $3,000–$3,079 targeting $3,200–$3,300, with stops below $2,980; shorts above $3,400 failure. Medium-term: Accumulate on $3,100 hold for $3,500–$4,000, leveraging Fed catalysts. Long-term: Strong hold/buy for $5,000+ in 2026, prioritizing 1–2% risk sizing, stop-losses, and BTC/volume confirmation in this pivotal phase.