Ethereum

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Key Insights:
<ul>
 <li>ETH rejects $3K resistance again, triggering sharp pullback into the $2,780–$2,820 support zone.</li>
 <li>Price remains inside a clear downtrend channel, with short-term bounces offering limited upside.</li>
 <li>Traders watching $2,800 support as the next move decides whether reversal or further drop continues.</li>
</ul>
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 ETH Dumps After $3K Rejection, Bulls Hold $2.8K Support
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Ethereum (ETH) declined sharply after failing to stay above the $3,000 level. The rejection led to a fast drop, with the price <a href="https://coincu.com/top-crypto-coins/eth-price-update" rel="noopener noreferrer nofollow">trading</a> near $2,949.56. Over the last 24 hours, ETH is down 2.3%, and it has lost 7.7% over the past week. This move followed strong selling pressure at a known <a rel="noopener noreferrer nofollow">resistance</a> area.
According to LennaertSnyder, “rejecting $3,000 triggered shorts after the failure.” Price briefly moved into the resistance zone before reversing. As a result, short positions became active again, with traders targeting lower support. The $2,960–$3,000 zone continues to cap upside attempts for now.
<h2 class="wp-block-heading" id="strong-bulls-step-in-at-2-800-support-strong">Bulls Step In at $2,800 Support</h2>
Following the sell-off, ETH found support between $2,780 and $2,820. This zone held, and price bounced slightly, allowing short-term long trades. However, <a href="https://coincu.com/analysis/bullish-momentum-for-ethereum-price-7200/" rel="noopener noreferrer nofollow">momentum remains weak</a>, and traders are cautious about chasing upside too early.
Lennaert Snyder <a rel="noopener noreferrer nofollow">added</a>,&nbsp;
<blockquote class="wp-block-quote">
 “I’d prefer to sweep the current low and long the reversal.”&nbsp;
</blockquote>
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 <img src="https://coincu.com/wp-content/uploads/2025/12/image-132-1024x560.png" alt="Source:Lennaert Snyder/X">
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 Source:Lennaert Snyder/X
 </figcaption>
</figure>
This suggests that another dip below current levels may come before a stronger recovery. Meanwhile, the release of CPI data adds potential volatility, prompting traders to reduce leverage and manage risk.
<h2 class="wp-block-heading" id="strong-downtrend-structure-remains-intact-strong">Downtrend Structure Remains Intact</h2>
On the higher timeframe, ETH was still trading inside a descending channel, as shown in the daily chart from Morecryptoonl. The structure has held since mid-year, marked by lower highs and lower lows. At press time, price is near the midline of the channel, which has served as a pivot area in past moves.
The $2,712–$2,788 zone also aligns with major Fibonacci levels. Crypto Online stated, “at least a short-term bounce is possible from this zone.” Even so, the trend remains bearish until a clean breakout occurs. The current wave structure leaves room for one or two more lows before any clear bottom can form.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 https://twitter.com/Morecryptoonl/status/2001614458926313545?s=20
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<h2 class="wp-block-heading" id="strong-key-levels-to-watch-moving-forward-strong">Key Levels to Watch Moving Forward</h2>
Looking ahead, a confirmed move above $3,000 would be the first sign of strength. Until then, the trend favors sellers. The channel continues to guide price action, and lower supports at $2,626, $2,258, and $1,820 remain in focus if the $2,800 zone fails.
At press time, market attention stays on how ETH reacts around current support. A break lower could extend the downtrend, while a bounce may trigger a short-term recovery. Traders are watching key zones closely and adjusting strategies based on how price responds in the coming sessions.
DISCLAIMER:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. <a href="https://coincu.com/?p=384285" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

ETH Dumps After $3K Rejection, Bulls Hold $2.8K Support

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