Crypto News: Ethereum Holds Above

Since then, the market has paused rather than reversed. Price action has stayed above the 23.6% retracement of the move from $2,784 to $3,030. Trading remained steady as volatility narrowed during the consolidation phase.

Price Levels Guide the Short-Term Picture

Ethereum continues to trade above $2,980, holding above its 100-hour moving average. On the hourly chart, a rising trend line has formed, with support near $2,970. That level has remained intact during pullbacks.

Resistance remains nearby. The first test sits near $3,030. Beyond that, $3,050 marks the next area traders continue to watch. The $3,065 level follows, aligning with the prior swing high.

A break above $3,065 could open the door to $3,120. If momentum builds further, price action could extend toward $3,180 or even $3,200. These zones sit within previously traded ranges.

On the downside, support appears near $2,970, followed by $2,950. A move below $2,950 could send Ether toward $2,880. Further losses may bring $2,825 into view. The broader support level remains ne