Bearish Pressure Still Dominates as ETH Fails to Reclaim $3K: Ethereum Price Analysis

Ethereum continues to range around the $3,000 zone, with neither bulls nor bears taking full control. The market is in a consolidation phase after its failure to hold above $3,100, and traders are now closely watching key levels on both the daily and 4H charts. While the macro structure is still under pressure, short-term sentiment and positioning hint at possible volatility ahead.

Ethereum Price Analysis: The Daily Chart

On the daily chart, ETH remains trapped below both the 200-day and 100-day moving averages, which are still acting as dynamic resistance above the $3,500 level. The price failed to sustain above the $3,100-$3,200 resistance block and is now hovering just under that range, near $2,980. The lack of higher highs signals continued bearish pressure.