Ethereum Price Prediction: Bids Stack Below $2,800 As Sellers Test Key EMA Resistance
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Ethereum has established short-term support between $2,750 and $2,800 after recent selloffs, yet remains constrained by EMA resistance between $2,920 and $3,120. Current trading near $2,950 suggests a rebound but indicates a broader corrective structure, with derivatives data favoring range-bound trading instead of accumulation.
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- Aggressive bids stacked near $2,750–$2,800 helped Ethereum form a short-term floor after the recent selloff.
- A dense EMA cluster between $2,920 and $3,120 continues to cap rebounds, keeping the broader structure corrective.
- Derivatives data shows leverage resetting rather than spot-led accumulation, favoring range-bound trade for now.
Ethereum price today trades near $2,950, stabilizing after a sharp rejection from the $3,100 area earlier this week. The rebound follows a sweep into the $2,750 to $2,800 zone, where aggressive bids emerged and forced short-term sellers to step back. While the bounce offers near-term relief, Ethereum remains capped below key EMA resistance, keeping the broader structure under pressure heading into December 20.
Buyers Defend $2,800 As Order Book Support Emerges
Short-term downside momentum slowed after Ethereum dipped into the $2,…
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