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Ethereum is currently moving in a mixed structure after recent market volatility. Price is holding near the mid-$3,100 zone with traders watching for a clear breakout. The overall trend on higher timeframes remains constructive, but short-term momentum is still undecided. Volume has decreased slightly, showing that the market is waiting for a strong catalyst before the next major move.

On the bullish side, ETH is forming higher lows on the 4-hour chart. RSI is hovering near the neutral 50 level, suggesting room for an upward push. If buyers manage to break and close above the $3,300–$3,350 resistance area, the next targets could be $3,420 and $3,500. MACD is slowly reducing bearish pressure, which supports a possible recovery scenario. Market sentiment will improve further if Bitcoin also stabilizes.

However, there are risks on the downside. Immediate support lies near $3,000 followed by a stronger zone around $2,900–$2,770. A breakdown below these levels could trigger panic selling and push ETH toward lower demand areas. Traders should watch funding rates and futures positioning because excessive leverage can increase volatility.

At the moment the structure can be described as range-bound with a slight bullish tilt. Smart traders are waiting for confirmation instead of guessing the direction. A daily candle close above resistance would activate buy setups, while rejection from that zone would favor short positions.$ETH

Key levels to monitor:
Resistance – $3,300 / $3,450
Support – $3,000 / $2,900