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Crypto Potato 2026-03-01 14:46:20

Ethereum Price Analysis: Danger Still Looms Unless ETH Reclaims This Level Decisively

ETH continues to consolidate around the key $3k resistance level. Despite several short-term attempts to break higher, the broader trend remains fragile. While the recent bounce offers short-term momentum, the asset still lacks confirmation for a sustained bullish reversal. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH is trading within a wide consolidation zone between $2.7k and $3.5k. The price is testing the lower resistance band near $3k after a period of sideways recovery. However, the 100 and 200-day moving averages overhead are acting as dynamic resistance at around the $3,5k mark, compressing any bullish momentum. Unless ETH reclaims the $3.5k range, it remains vulnerable to rejection and pullback toward the mid-range or even the $2.7k demand zone. The RSI is also recovering but is still not oversold, indicating there is still some room to grow for ETH in the short-term. ETH/USDT 4-Hour Chart The 4-hour chart shows ETH has tapped into a bearish order block around $3.1k, where sellers previously stepped in. This level has triggered another rejection, with the price pulling back slightly after a clean move upward. The structure is still bullish in the short-term, forming higher lows since mid-December, but this zone needs to break for any further upside continuation. If rejected again, we could see a return toward the $2.8k support area. The RSI also shows overbought conditions, hinting at potential short-term weakness. Sentiment Analysis Ethereum’s open interest is rising again after a steep multi-month decline, showing fresh long positions are being added. This reflects some renewed optimism in derivatives markets, but the price hasn’t followed with equal strength. It signals that traders may be front-running a recovery, but if ETH fails to break key resistance, these positions risk getting flushed. Caution is still warranted while the market lacks confirmation and fundamentals remain unchanged. The post Ethereum Price Analysis: Danger Still Looms Unless ETH Reclaims This Level Decisively appeared first on CryptoPotato .

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