ETH Clings to $3K, Break Below Could Mean $2.8K Next
The post ETH Clings to $3K, Break Below Could Mean $2.8K Next appeared on BitcoinEthereumNews.com. Key Insights: Ethereum holds $3K support, but sellers could push price toward the $2,800–$2,900 demand zone. Analysts watch $3,052 resistance and $3,041 support as Ethereum consolidates in a tight range. Fibonacci levels between $2,800–$2,900 mark a high-interest area for potential buyer accumulation. ETH Clings to $3K, Break Below Could Mean $2.8K Next Ethereum (ETH) was trading just above the $3,000 level, a zone many traders are watching closely. As of now, ETH is priced at $3,035.56 after falling 2.8% in the last 24 hours. The weekly gain stands at 1.2%, showing mixed signals in the short term. Technical analyst Ted shared that ETH is holding this level, but warned that a drop below $3,000 could push price toward $2,800. He wrote, “$ETH is still holding above the $3,000 level. If Ethereum breaks below this, it’ll drop towards the $2,800 zone.” Source: Ted/X However, his chart shows support zones near $2,870 and $2,770, which are areas where price reacted in the past. If the price stays above $3,000, ETH could move back toward $3,150 and possibly $3,350. Above that, the $3,700 area is seen as a higher resistance based on previous price moves. Buyers May Step in Between $2,800 and $2,900 Kamran Asghar shared a separate chart that points to a potential demand zone between $2,800 and $2,900. This zone is based on Fibonacci retracement levels and past price activity. He stated, “The area between the 0.618 and 0.75 Fib levels ($2,800 – $2,900) is a high-probability demand zone. Expecting accumulation here before the next push to re-test the high.” Source: Kamran Asghar/X This area has previously acted as a launch point for price. If ETH pulls back into this zone, some traders expect buy orders to come in. A reaction here could signal another move upward, though no confirmation has…
BitcoinEthereumNews2025/12/06 20:38 
