Ethereum Price Analysis: Where’s ETH Heading Next as Bullish Momentum Cools?

Ethereum is still stuck in a broader corrective phase, but the structure is no longer aggressively bearish. The asset is holding above key higher-timeframe demand while volatility has compressed. This is typically where the market decides between a continuation lower or a larger corrective push higher. Momentum remains mixed, and ETH is still lagging relative to BTC, but downside follow-through has clearly weakened.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH remains below the major 100-day and 200-day moving averages and is capped by a significant supply zone around the $3.5k region. This zone has repeatedly rejected the price and aligns with the prior distribution.