Ethereum Updates Today: Can Bulls Defend the $2,850 Level or Will Bears Take Over?
- Ethereum's $3,000 price tests $2,800–$2,950 support zone amid bullish wedge patterns and bearish breakdown risks. - Analysts split: Erik warns $2,850 break could trigger $800–$1,000 drop, while Matt Hughes calls $2,870 pullback a normal correction. - Technical indicators show mixed signals - ETH above 100-day EMA but below 50-day EMA, with Bollinger Bands framing $2,850–$3,150 key levels. - On-chain data suggests potential "liquidity reset" could precede bullish expansion, but delayed recovery risks prol
The recent movement in Ethereum's price has reignited discussions among both traders and analysts, as technical signals and blockchain data point to either a strong recovery or a further drop. With the cryptocurrency hovering around $3,000, it is currently challenging major support zones, while market participants watch to see if a descending wedge formation could propel ETH above its recent peaks.
One area drawing particular attention is the $2,800–$2,950 band, which many experts identify as a crucial support region. Erik, a trader active on X, pointed out that if Ethereum falls below this threshold and stays there, bullish scenarios could be negated, possibly pushing ETH down to the $800–$1,000 range
Technical charts further highlight the ongoing uncertainty. Ethereum is trading above its 100-day EMA ($2,950), but remains under the 50-day EMA ($3,080–$3,150),
Insights from on-chain metrics add further depth to the discussion.
Despite recent price swings, Ethereum’s fundamentals remain robust. ETH staking reached unprecedented levels
Opinions in the market are divided regarding what comes next. Should Ethereum maintain support above $2,850,
Experts warn that, despite a blend of technical and fundamental signals, the inherent volatility of cryptocurrencies like Ethereum remains a significant risk. “This is still typical crypto volatility,” Hughes commented,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Update: XRP ETFs Confront Downtrend While Key Support Levels Face Pressure
- XRP faces downward pressure near $2.27 amid $15.5M institutional outflows and declining futures open interest ($3.61B), signaling waning speculative interest. - Four XRP ETFs launching this week, including Canary Capital's $58M-volume XRPC , could drive $4B-$8B in inflows to counter recent outflows and stabilize pricing. - Technical indicators show XRP trading below key EMAs ($2.49/2.56) with fragile $2.20 support level repeatedly tested, while RSI (43) and bearish MACD confirm short-term selling pressur
Regulated or Decentralized: Kalshi’s $11 Billion Boom Sparks a Prediction Market Frenzy
- Kalshi's valuation jumped to $11B after a $1B funding round led by Sequoia and CapitalG, doubling from October 2025. - The CFTC-regulated platform competes with decentralized rival Polymarket, which targets $12B-$15B in its next funding. - Kalshi dominates 61.4% of prediction market trading volume, boosted by NYC election accuracy and subway ad campaigns. - Partnerships with Google Finance, Robinhood , and Barchart expand Kalshi's reach, contrasting Polymarket's crypto-centric innovations. - The $17.4B+
Bitcoin’s Sharp Decline: Causes Behind the Fall and Future Outlook
- Bitcoin fell below $100,000 in Nov 2025 due to macroeconomic shifts, regulatory ambiguity, and ETF outflows. - SEC's reduced crypto enforcement and Trump-era tariffs created uncertainty, while Treasury volatility and supply chain disruptions pressured risk assets. - BlackRock's IBIT ETF saw record outflows, contrasting with Abu Dhabi's tripled stake, as technical indicators showed oversold conditions and bearish momentum. - Experts remain divided: MSTR predicts $150k by year-end, but prediction markets s
Senate Crypto Legislation Transfers Oversight to CFTC Amid Rising Partisan Debate
- U.S. Senate proposes bipartisan bill transferring crypto regulation to CFTC, limiting SEC's role and classifying most cryptocurrencies as commodities. - Trump's CFTC nominee Selig faces scrutiny over agency staffing and bipartisan governance, with Democrats warning of political bias risks under single Republican leadership. - Industry supports CFTC's expanded oversight for regulatory clarity, but critics question its capacity to enforce AML standards and manage crypto market growth. - Finalized framework
Trending news
MoreCrypto prices
More
