Ethereum (ETH) has shown signs of stabilization after a prolonged decline, with recent price action forming a short-term base above key support levels. The structure currently visible on the chart suggests that ETH may be entering a period where clearer directional movement could develop. This analysis outlines the levels and liquidity areas that may shape the next move.

Ethereum technical analysis

ETHUSD – 1 Day Time Frame

Following several weeks of impulsive bearish flow, ETH established two notable support levels: the first near $3,000 and a deeper one around $2,750. These areas have acted as reaction points in the past and may continue to serve as important reference levels if volatility returns.

Above current price, the zone between $3,300 and $3,480 forms the primary resistance block. This area previously acted as support before being broken, and it now contains two clusters of buy-side liquidity created by earlier swing highs. These liquidity levels often attract price during corrective phases, suggesting that if bullish momentum continues, the resistance block may become a region of interest.

A series of dotted buy-side liquidity lines below this block reflects earlier liquidity shelves formed in late summer. While these levels sit below the main resistance, they still indicate where market participants may have positioned stops, and their presence helps illustrate how liquidity has continued to build above price over the past several months.

Should ETH move into the resistance block, confirmation above the lower boundary near $3,300 may indicate that buyers are attempting a more extended correction. Conversely, if ETH loses momentum from current levels, attention shifts back to the support region at $3,000, with the deeper support near $2,750 acting as a secondary downside reference.

Ethereum price target

In the short term, ETH remains within a broader corrective context, but the presence of layered liquidity above price and multiple established support levels below provides a structured landscape for monitoring further development. A move toward the $3,300–$3,480 resistance block is possible if buying pressure continues, while weakness below $3,000 may point to a return toward the lower support zone.