Ethereum price prediction: sideways trend and resistance at $3,120 cap upside

Traders Union
All News
Crypto
Ethereum rises 0.21% to $2,981 today

Highlights

Institutional adoption of Ethereum accelerated following spot ETH ETF approvals, with BlackRock's iShares Ethereum Trust and other major funds reporting sustained allocations.
The May 2025 Pectra hard fork introduced key network upgrades, such as account abstraction and higher validator limits, boosting scalability and decentralization.
By late 2025, nearly 30% of Ethereum's supply was staked, while a reversed staking queue signaled reduced sell pressure and strengthened institutional confidence.

Institutional inflows rise as staking surges and network upgrades launch

Institutional adoption of Ethereum accelerated recently after the approval and inflows into spot ETH ETFs, with major funds such as BlackRock's iShares Ethereum Trust reporting consistent allocations. The activation of the Pectra hard fork in May 2025 brought key network upgrades, including account abstraction and expanded validator limits, supporting the platform’s scalability and decentralization. Staking activity increased, with nearly 30% of supply staked by late 2025, and the reversal of the staking queue indicates reduced sell pressure and higher institutional confidence.

Intraday buying persists against broader bearish momentum signals

The nearest dynamic resistance is the Kijun level from the Ichimoku indicator at $3,111.32, while support is provided by the MA-20 and HMA levels just below current prices. Momentum signals on the daily chart are bearish, with the MACD indicating strong selling pressure and the ADX confirming a prevailing downtrend. RSI stands at 47.51 and CCI hovers near neutral, showing no clear oversold condition. Both the Stochastic RSI and Bull/Bear Power (BBP) are overbought, reflecting buyers' dominance in intraday trading despite broader negative momentum. Today’s session opened with little gap and modest movement, with price near the upper end of the session range as volatility stays low — indicating mild upward pressure after the open and a divergence between intraday buying strength and longer-term weakness.

Further decline likely as upward momentum remains subdued

The expected price range for ETH over the next five trading days is $2,930 to $3,120, reflecting a typical volatility band relative to current levels. The likelihood of a price increase is low (less than 20%), making further decline or consolidation more probable. Sideways trading within the $2,930 to $3,120 band remains the baseline scenario. A bullish breakout above $3,120 is unlikely unless momentum changes, while a break below $2,930 could trigger further declines, especially with negative weekly trend signals.

Viktoras Karapetjanc, senior analyst at Traders Union, sees positive momentum in Ethereum's fundamentals amid recent ETF inflows and network upgrades. He believes strong institutional involvement and increased staking are providing long-term support, even as technical indicators remain weak and price stays capped below key resistance. Macro sentiment is constructive given the platform’s growing adoption and reduced sell pressure. However, the near-term trend still favors range-bound action. "With fundamentals strengthening behind the scenes, I remain optimistic that ETH is setting up for an eventual recovery beyond the current $2,930–$3,120 consolidation zone."

Previously it was reported that Ethereum is consolidating just below key moving averages, with price stabilizing in a narrow range as momentum indicators such as RSI reflect balanced, non-trending conditions. Downward pressure has eased with support holding above recent lows, but persistent resistance near clustered EMAs and lackluster flows continue to cap rallies, leaving the asset directionless as the year ends.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.