#ETHTrendWatch Ethereum is currently trading in the $2,950–$3,000 range, fluctuating around key psychological and technical levels. Over recent weeks, ETH has moved within a broader range of $2,700–$3,400, following a sharp ~15% correction from recent highs. This has shifted short-term sentiment toward a neutral-to-bearish tone, even though the broader structure still shows potential for recovery.
Key Price Zones and Market Structure
The most critical support zone sits between $2,900–$2,950, which is being tested heavily. If this zone fails, price could slide toward the next major support in