<\/strong>Current Price:<\/strong> $2,920\u2013$2,930 (ETH\/USDT)<\/p>\n\n\n\n
Trend Structure:<\/strong> Price has been consolidating within a tightening range, forming a short-term ascending trendline support from mid-December lows, while being capped by a descending resistance trendline from the September\u2013October highs. The broader trend remains bearish.<\/p>\n\n\n\n Moving Averages:<\/strong> Price continues to trade below key EMAs (50, 100, 200), indicating that bearish intermediate momentum is intact. Key Support & Resistance Levels<\/strong><\/p>\n\n\n\n Support Levels<\/strong> Resistance Levels<\/strong> A breakout above R1 with strong volume could open the move toward R2, while a breakdown below S1 increases the likelihood of a slide toward S2.<\/p>\n\n\n\n Also Read: What is Falcon Finance (FF)? How Does It Work?<\/a><\/p>\n\n\n\n Probable Breakout \/ Breakdown Scenarios<\/strong><\/p>\n\n\n\n Bullish Case Bearish Case At the time of writing, ETH was trading at $2,928<\/strong>.<\/p>\n\n\n\n Summary:<\/strong> In the grand scheme of things, ZebPay blogs<\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on ZebPay<\/a>!<\/p>\n\n\n\n
Volume has also been declining, reflecting lower participation and reduced conviction into year-end.<\/p>\n\n\n\n
<\/strong>S1: $2,900 \u2014 short-term support near the current horizontal base
S2: $2,750 \u2014 lower trendline \/ swing-low region<\/p>\n\n\n\n
<\/strong>R1: $3,100 \u2014 minor EMA confluence + short-term range top
R2: $3,370 \u2014 significant supply zone (currently above 200 EMA)<\/p>\n\n\n\n
<\/strong>A reclaim and sustained close above $3,100\u2013$3,150 could trigger a short squeeze toward $3,300\u2013$3,370.<\/p>\n\n\n\n
<\/strong>Failure to hold $2,900 may weaken the structure, exposing the price to $2,750 or lower.<\/p>\n\n\n\n![\"\"](\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-30-083159-1024x417.png\")
<\/figure>\n\n\n\n
<\/strong>Ethereum remains in a tight consolidation zone, facing descending resistance while holding above critical support. A breakout above $3,100 could open room toward $3,370, whereas a drop below $2,900 may accelerate downside toward $2,750. Market sentiment, liquidity conditions, and volume will guide price direction into early 2026. Watching EMA interactions and volume spikes will be key for identifying trend reversals.<\/p>\n\n\n\n Support 2<\/strong><\/td> Support 1<\/strong><\/td> Asset<\/strong><\/td> Resistance 1<\/strong><\/td> Resistance 2<\/strong><\/td><\/tr> $2,600<\/td> $2,800<\/td> ETH<\/strong><\/td> $3,600<\/td> $3,900<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n