Ethereum is currently trading near $3,100 following a break of structure at $2,940, with analysts anticipating a possible short-term price increase towards the $3,270-$3,360 liquidity zone. While showing a 1% increase in the last 24 hours, the asset is still down 11% over the past week. Key levels and potential trader positioning are being observed, alongside market signals like the ETH/BTC bull flag pattern, and significant selling pressure from certain wallet types.
Ethereum trades near $3,100 after a structure break at $2,940. Analysts expect a short-term move toward the $3,270–$3,360 liquidity zone.The asset is trading at around $3,100 at press time, up 1% in the last 24 hours.
However, it remains down 11% over the past seven days, following weeks of downside pressure.that Ethereum has confirmed a Break of Structure at $2,940, which signals that sellers remain in control for now. He explained that smart money could now push the price up into a “The area between $3,270 and $3,360 is seen as a Fair Value Gap . Patel mentioned that if the current structure holds, there is a high chance of a short-term pump of around 14–15%, aiming to fill this zone. He added that as long as the price stays below $3,565, the larger market trend remains unchanged.that Ethereum was rejected at the $3,200 resistance level. He observed that ETH has been trying to hold support near $2,990 after forming higher lows. According to Snyder, a move back above $3,200 may open the way for a test of $3,350. He also pointed out that traders may look for short entries near the resistance zone if the price spikes:Price Activity and Trader Positioning Some analysts see early signs of momentum building. CryptoBoss pointed out that the ETH/BTC chart has formed a bull flag pattern. TheyETH Leverage Soars While Price Stalls – A Major Risk Signal?that wallets holding between 1,000 and 10,000 ETH sold over 230,000 tokens in the last seven days. This selling pressure suggests that some larger holders are reducing risk as ETH attempts to stabilize near current levels.Olivia Stephanie is a FinTech enthusiast with a sharp insight into financial markets. Her deep interest in economics and finance drives her exploration of blockchain innovations and the evolving world of cryptocurrencies.
Ethereum ETH Price Analysis Technical Analysis Market Trends
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Price Forecast: ETH recovers $3,100 as Ethereum Interop Layer aims to unify L2sThe Ethereum Foundation Account Abstraction team has outlined its objectives for the Ethereum Interop Layer (EIL), aiming to make all rollups 'feel like' a single chain from a user experience angle.
Read more »
Vince Gilligan's Alternate Pluribus Title Would Have Doomed The 100% RT Apple TV ShowRhea Seehorn in Pluribus
Read more »
Over 100 tons of material removed from Oregon homeless campsThe Department of State Lands has concluded the primary cleanup of sprawling homeless camps in the Sandy River Delta park in Oregon.
Read more »
Louvre boosts security with 100 cameras and other measures after heistThe head of the Louvre Museum says that new surveillance cameras and anti-intrusion systems will soon be installed at the Paris landmark.
Read more »
US Dollar Index rises above 100.00 near five-month highs ahead of September NFPThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fifth successive session and trading around 100.30 during the Asian hours on Thursday.
Read more »
AUD/USD trades subduedly near 0.6470 ahead of US NFP dataThe AUD/USD pair trades marginally lower to near 0.6470 during the European trading session on Thursday. The Aussie pair is under slight pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades firmly near its over five-month high around 100.30.
Read more »