$ETH ETH has been weaker alongside broader crypto declines, rebounding recently to around the $2,100–$2,300 zone after steep drawdowns. Volatility remains elevated.
• On-chain data shows notable selling pressure from leveraged positions and loan repays, creating downward momentum.
• Overall crypto sentiment is cautious; ETH has joined Bitcoin and other altcoins in a multi-month low environment.
• Macro and risk-off dynamics continue to cap short-term upside.
CCN.com
CoinDesk
TMGM
CCN.com
📊 Technical Outlook
• A number of technical analyses suggest ETH is trading near key support range ($1,950–$2,200). A break below could open deeper corrections, while reclaiming resistance around $2,197–$2,350 may signal short-term bounce potential.
• Traders point to a pivotal weekly resistance near $2,625 — reclaiming this could shift momentum and clear paths toward higher levels ($3,000+).
• Recent data shows exchange outflows and longer-term holders shifting ETH off exchanges, which can structurally reduce supply pressure.
Blockchain News
Coinpaper
Traders Union
📈 Broader Forecast & Catalysts
• Short–medium term forecasts outline potential recovery toward roughly $2,350–$3,100 if key resistance levels are breached.
• Longer-term views remain mixed but include bullish institutional forecasts predicting mid–to-high targets later in 2026 (some models see significantly higher yearly targets).
• Network and protocol upgrades (e.g., Fusaka and other scaling improvements) are cited as positive fundamental catalysts that could improve usage and developer activity.
