Ethereum (ETH) Stuck in a Mess? Key Levels to Watch This Cycle

Ethereum (ETH) is trading below $3,100 with a slight decline in the last 24 hours and little movement over the past week. The asset has held the $3,000 level despite broader market uncertainty. While it remains stable for now, the price action continues to lack direction.

$2,800 and $4,100 Remain Key Zones

Daan Crypto Trades has outlined two key levels that continue to define Ethereum’s higher timeframe structure — $2,800 as support and $4,100 as resistance. The asset has bounced from the lower end of this range and now trades in the middle of the band. These levels have been respected multiple times since early 2022, with $2,800 acting as a floor during past corrections.

On the upside, $4,100 has capped several rallies. ETH has struggled to sustain momentum beyond that mark, failing to retest its August peak near $4950. With no clean break above or below the range, it remains locked in a broader sideways phase.

Meanwhile, Michaël van de Poppe notes that the ETH/BTC chart is holding above its 20-day moving average. The pair spent over three months consolidating after breaking trend in September, but it has since reclaimed short-term support. Van de Poppe added that while this signal should not be heavily weighted, it shows some improvement in Ethereum’s relative strength.

He mentioned that ETH has been doing well since July 2025, but he is waiting to see how it will follow through in the next few weeks. The above moving average may offer Ethereum an improved opportunity to outperform Bitcoin in the case of larger market conditions.

Short-Term Support Around $3,000

ETH is trading over the $3,000 mark, which is now a significant support area in the immediate term. Analyst Ted posted that Ethereum has, momentarily, dropped to below $3,050 but has rapidly improved. He observed that when ETH remains above $3,000, it could go to $3,300-3,400. If $3,000 fails, however, he cautioned that it could slip below $2,800.

This view follows recent weekend price action, where Ethereum stayed relatively firm despite Bitcoin’s weakness. As CryptoPotato reported, a pattern resembling previous fractals suggests ETH could revisit levels near $2,500 if selling returns.

Looking beyond the short-term chop, Merlijn The Trader published a long-range chart of ETH showing a possible wave structure forming within an upward channel. His analysis suggests Ethereum has completed Wave 2 and may now be building toward Wave 3 — historically a strong breakout phase. He identified prior support zones between $2,200 and $2,800, which have held so far.

He remarked,

The projection places future price targets above $7,800 if momentum continues along the established trend.

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