Ethereum Price Prediction: ETH Compresses Near $3,000 As Triangle Tightens Into Year End

• ETH is compressing inside a converging triangle, with $2,900 acting as key support.
• Price remains below Supertrend and major EMAs, keeping the higher-timeframe bias cautious.
• Strong staking and DeFi fundamentals contrast with short-term technical hesitation.

Ethereum price today trades near $2,970 after another muted session, with price pressing into the apex of a tightening structure. Buyers are defending the $2,900 area, but upside attempts continue to stall below descending resistance. The market is coiling, and the next move will be defined by whether ETH can reclaim key moving averages or breaks lower into year-end liquidity.

Daily Trend Still Under Pressure

On the daily chart, Ethereum remains in a broader corrective phase following the October peak. Price continues to trade below the Supertrend near $3,297, keepin…

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