#ETH is stuck inside a clear triangle.

Price is being compressed between descending resistance near $3,000 and rising support around $2,900–$2,920. For now, neither side has taken control.

As long as $ETH stays below the $2,980–$3,000 area, upside attempts are likely to remain limited and reactive.

The level to watch is the descending trendline. A clean break above it would shift momentum back to the upside and open room toward $3,050–$3,100.

Until that happens, ETH remains in wait-and-see mode.