$ETH /USDT — Sideways Consolidation Near Supply
Price
ETH Price: 2,896.57
24h Change: +0.02%
Market Tone: Flat momentum after intraday volatility
Info
Category: Layer 1 / Layer 2
Volatility Profile: Contracting
Context: ETH is hovering below short-term resistance, showing hesitation from both buyers and sellers
Trading Data
24h High: 2,951.21
24h Low: 2,787.00
24h Volume:
ETH: 620,623.07
USDT: 1.78B
Price Protection: Active
Current Range: 2,787 – 2,951
Square (Market Structure)
Overhead Resistance:
2,938
2,951
2,955 (local supply cap)
Support Zones:
2,896 (range midpoint)
2,888
2,872 (intraday demand)
ETH is trading inside a compressed range, often a precursor to a directional expansion.
Trade-x (Strategic Outlook)
Bullish Case:
Acceptance above 2,955 could accelerate price toward 3,020 → 3,100
Bearish Case:
Failure to hold 2,870 risks a pullback into the 👌