Key Support Zone for ETH
According to CryptoQuant data, Ethereum has established a primary support level at $2,820. This zone has historically attracted buyers, acting as a price floor during local corrections.
Below that, another critical demand range sits between $2,760 and $2,730. If ETH were to break the first support, this lower band could become the next major area where buyers step in.
These zones are important for both swing traders and long-term investors monitoring downside risk.
Major Resistance Range Ahead
On the upside, CryptoQuant highlights a strong resistance region between $3,000 and $3,100.
This range represents an area where selling pressure has increased in the past, and where momentum tends to slow down. A clear breakout above this band could change market structure and open the door to higher price targets.
Until that happens, ETH is likely to continue reacting to this decision zone.
Why These Levels Matter
Support and resistance levels often align with:
High on-chain transaction clusters
Large wallet cost bases
Liquidity pools on exchanges
Psychological round-number areas
These factors create zones where market participants are more active, increasing the probability of price reactions in these areas.
CryptoQuant’s analysis combines on-chain data with market behavior, making these zones especially relevant for short- and mid-term forecasting.
Possible Scenarios for Ethereum
If ETH holds above $2,820, it may attempt another push toward the $3,000–$3,100 resistance band.
If support fails, the $2,760–$2,730 range becomes the next critical defense line. A breakdown below that zone could expose Ethereum to deeper corrections, depending on market-wide sentiment.
A strong breakout above $3,100, on the other hand, would signal renewed bullish strength.
Market Is Waiting for Confirmation
Currently, Ethereum is trading in a technically sensitive region where both buyers and sellers are active.
Traders will be watching for:
Confirmation of support
Volume expansion on breakouts
On-chain accumulation trends
Bitcoin’s directional movement
Until then, ETH may continue consolidating between these key levels.
