ETH fit drop more if $2.9K support comot — next stops $2.6K and $2.2K
Ethereum (ETH) dey trade around $2,900 after e don dey reject many times for the $3,300–$3,500 supply band and e drop under the old $3,000 support. Daily technicals show say ETH dey below the 100-day moving average and the 200-day MA dey confirm medium-term downtrend. Short-term charts show say the rising trendline don break and price dey consolidate under $3,000, leaving immediate downside targets at $2,800 and $2,600–$2,500 if weakness continue. Key support zones to watch na $2,900–$2,700 (critical) and $2,600–$2,700 (demand); if e break decisively below $2,700 the risk say e go fall deeper to around $2,200 go increase. On-chain metrics mixed: exchange balances still low (people dey move funds to staking/cold storage), this one dey reduce sell-side liquidity and mean say fresh demand fit trigger sharper rallies, while transaction counts and the 30-day EMA don pick up from early‑2025 lows, showing more organic network use even though price weak. For traders: expect neutral-to-bearish short-term price action; watch $2,900–$2,700 as the make-or-break zone. If price hold there plus on-chain activity dey rise, e go be constructive; if e fail, downside odds to $2,600 and maybe $2,200 go increase. Primary keywords: Ethereum price, ETH price, support levels, on-chain activity, technical analysis.
Bearish
Di reports dem show say ETH get short-to-medium-term bearish bias. Technical indicators dey show ETH under key moving averages, rising trendline don break and e dey consolidate under the former $3,000 support — all classic signs say momentum dey weak. Critical near-term support dey for $2,900–$2,700; if e break for sure, e go make test of $2,600 and the bigger $2,200 support more likely. On-chain metrics dey calm the downside risk small but dem no cancel am: low exchange balances mean less sell liquidity (which fit make rallies stronger if buying return), while increasing transaction counts and 30-day EMA uptick show steady network use wey fit support recovery if e continue. For traders, this mean higher volatility: short-term expect more downside or sideways action with tight risk management around the $2,900–$2,700 zone. Medium-term recovery fit happen only if price stabilize above key supports and on-chain activity continue to firm; otherwise the path of least resistance remain down.