Ethereum is currently trading in a consolidation range after a recent impulsive move, indicating that the market is building pressure for the next breakout. Price action shows higher lows forming on the 4H timeframe, suggesting buyers are gradually gaining strength. Volume has slightly decreased during consolidation, which typically precedes expansion volatility.

From a technical perspective, ETH is holding above its short-term support zone, which aligns with the 50 EMA on the 4H chart. As long as price remains above this dynamic support, bullish momentum remains intact. RSI is hovering near the neutral 50–55 region, leaving room for an upside push without being overbought.

Key Levels to Watch:
Support: $2,850 – $2,900
Major Support: $2,750
Resistance: $3,050
Major Resistance: $3,200

Trading Plan:
Buy Zone: $2,880 – $2,920
Stop Loss: Below $2,750
Take Profit 1: $3,050
Take Profit 2: $3,200
Extended Target: $3,350 if breakout confirms

If ETH breaks and closes strongly above $3,050 with volume expansion, we could see acceleration toward the $3,200–$3,350 region. However, a breakdown below $2,750 would invalidate the bullish setup and may lead to a retest of lower liquidity zones near $2,600.

On-chain activity remains steady, and ETF-related institutional interest continues to support long-term sentiment. Market structure overall remains bullish on higher timeframes despite short-term volatility.

Bias: Bullish above $2,850
Risk Level: Moderate
Timeframe: Short to Mid-term (3–10 days)$ETH $ETH