Ethereum compresses below a broken channel as sellers press into a lower volatility band.
Bollinger Bands expand to the downside, with the upper band near $3133.5 and the lower band near $2767.9. Price is riding the lower half of the range, showing weak rebound traction after a failed channel hold.
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $2734.6 | Lower reaction zone where prior wicks absorbed sell pressure. |
| Support 2 | $2408.9 | Major base from a prior capitulation swing. |
| Resistance 1 | $2895.3 | Near-term supply aligned with the broken channel floor. |
| Resistance 2 | $3039.9 | Upper range barrier below descending averages. |
Focus on nearby reaction zones. Price is interacting with $2767.9 on the lower band and $2895.3 as the first supply shelf.
Bias remains heavy. Price is below the 20 EMA at $2937.6 and capped by the 50 EMA at $3022.6.
Risk is often defined beyond structure. Levels around $2895.3 or above $3022.6 frame invalidation against the downtrend.
EMAs are stacked bearishly. The 20 EMA at $2937.6 leads below the 50 EMA at $3022.6 and the 100 EMA at $3056.5, all sloping down.
The chart favors patience. Momentum weakens near $2826.3, and rebounds stall below $2895.3.
Key retracement reactions cluster between $2895.3 and $3039.9, where prior swings met supply.
Momentum fades as candles hug the lower Bollinger Band near $2767.9, reflecting sustained downside pressure.
Ethereum remains under pressure as volatility expands downward. EMA stacking and failed channel support keep sellers in control while traders watch $2734.6 for reaction and $2895.3 for rejection.
**The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Ethereum and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.**
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