📊 Ethereum Price Prediction: Compresses Near $3,000 As Triangle Tightens Into Year End

Ethereum price today trades near $2,970 after another muted session, with price pressing into the apex of a tightening structure. Buyers are defending the $2,900 area, but upside attempts continue to stall below descending resistance. The market is coiling, and the next move will be defined by whether ETH can reclaim key moving averages or breaks lower into year-end liquidity.

🔸 Daily Trend Still Under Pressure

On the daily chart, Ethereum remains in a broader corrective phase following the October peak. Price continues to trade below the Supertrend near $3,297, keeping the higher-timeframe bias bearish. Parabolic SAR remains positioned above price, reinforcing downside control despite recent stabilization.

The decline from the $4,000 area carved a sequence of lower highs and lower lows, with sellers repeatedly stepping in near descending resistance. While downside momentum has slowed, the structure has not yet flipped. ETH needs a decisive reclaim of higher levels to change that narrative.

🔸 Triangle Compression Signals Decision Point

The 2-hour chart highlights the developing tension. ETH is trading inside a converging triangle, with higher lows forming from the $2,800 base and lower highs capped near $3,050. This compression reflects balance between buyers absorbing supply and sellers defending rallies.

The EMA cluster adds weight to this zone. The 20 and 50 EMAs sit just below price near $2,955 and $2,954, offering near-term support. Above, the 100 and 200 EMAs around $2,958 and $2,981 form layered resistance. Until ETH clears this band with conviction, momentum remains capped.

RSI on the 2-hour timeframe hovers near neutral, signaling neither exhaustion nor breakout strength. This reinforces the view that ETH is waiting for a catalyst rather than trending on its own.

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