Zooming out to the daily chart, ETH sits just above its 50-day ($2,325) and 100-day ($2,647) moving averages. It’s also testing the 200-day SMA at $2,768, which has acted as a dynamic resistance.
ETH’s daily RSI is trending lower but remains above the 50 level, suggesting the recent pullback has cooled overbought conditions without breaking trend.
Volume levels remain consistent, with no major signs of distribution, meaning long-term holders are not exiting in large numbers.
A daily close above $2,770 – $2,785 would be a strong bullish confirmation.
If that happens, the path toward $2,950 – $3,000 becomes more probable. However, failure to hold above $2,700 could send ETH down to retest $2,600 – $2,650 as the next support zone
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