- Ethereum shows short-term stability but struggles to reclaim key resistance zones.
- Derivatives signal potential directional expansion despite cautious spot outflows.
- Upcoming ERC-8004 launch could boost Ethereum’s long-term relevance in AI networks.
Ethereum price action has entered a critical phase after a steep rejection from the $3,400 area earlier this month. The asset has since rebounded from the $2,780–$2,800 demand zone, where buyers defended losses aggressively. Price now consolidates near $3,060 on the 4-hour chart, suggesting short-term stability after heavy selling pressure.
However, ETH continues to trade below key moving averages, keeping traders cautious about declaring a full trend reversal. Consequently, market participants now focus on whether Ethereum can convert this rebound into a sustained recovery or fade into another corrective leg.
Technical Structure Remains Fragile Below Key Resistance
Ethereum’s recovery attempt faces immediate friction near the $3,100–$3,120 region. This zone aligns with Fibonacci resistance and short-term EMA compression.
Hence, bulls need strong follow-through to overcome this barrier. A move above $3,160–$3,180 would improve structure, as this range marks a prior breakdown zone.
Additionally, analysts view the $3,250–$3,300 supply area as the true pivot for bullish control. A reclaim of this zone would signal renewed trend strength and open room toward $3,400.
On the downside, the $3,000–$3,020 area now acts as psychological support. Price has respected this zone during recent consolidation. However, a slip below $2,950 could weaken confidence and expose the $2,780–$2,800 demand region again. Consequently, ETH remains range-bound, with volatility likely to expand once price exits this compression.
Derivatives and Spot Flows Hint at Pending Volatility
Ethereum derivatives data shows resilience despite recent price weakness. Open interest has cooled from late-2025 peaks but remains elevated near $39.8 billion. This structure suggests leverage reset rather than capitulation. Moreover, open interest has stabilized while price consolidated, often a setup for directional expansion.
Spot flow data presents a more cautious picture. Ethereum has seen extended net outflows, reflecting risk-off behavior and limited buyer conviction.
Recently, flows have narrowed near the $3,000 level, suggesting selling pressure may ease. However, sustained inflows remain necessary to support a durable upside move.
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Network Development Adds Fundamental Undercurrent
Beyond price action, Ethereum prepares for the upcoming ERC-8004 mainnet launch. The standard aims to enable trustless AI-agent interactions across networks. Davide Crapis of the Ethereum Foundation highlighted Ethereum’s role in securing AI-to-AI coordination. This initiative aligns with broader network goals championed by Vitalik Buterin.
Additionally, developers from MetaMask, Coinbase, and Google contributed to the standard. Consequently, this upgrade may strengthen Ethereum’s long-term relevance as AI-driven applications expand.
Technical Outlook for Ethereum Price
Key levels remain well-defined for Ethereum as price stabilizes after the recent sell-off.
On the upside, $3,100–$3,120 stands as the first resistance cluster. A breakout there could open a move toward $3,160–$3,180. Beyond that, $3,250–$3,300 remains the key zone to flip for a broader bullish shift. Failure to reclaim this area keeps rallies corrective.
On the downside, $3,000 is the immediate support buyers must defend. Below that, $2,950–$2,980 serves as the next buffer, followed by the major demand zone at $2,780–$2,800. The technical structure suggests ETH is consolidating after a sharp impulse, with volatility likely to expand soon.
Will Ethereum Go Up?
Ethereum’s near-term direction depends on whether buyers can hold $3,000 and push through $3,120 with conviction. A successful breakout could trigger a grind toward $3,180 and higher.
However, repeated rejection keeps downside risks active. For now, ETH trades in a pivotal zone, where momentum and flows will decide the next leg.
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