Ethereum News Today: Ethereum Stalls at $3,100 Resistance as Bullish Signals Stay Mixed

Ethereum's price has hit a key resistance level near $3,100, with traders and analysts closely watching whether it can break through. The cryptocurrency has been trading above the 20-day EMA but faces a critical barrier at the 50-day EMA. Market sentiment remains cautiously optimistic, supported by indicators like the RSI and Stochastic Oscillator moving toward neutral levels.

Over the past 24 hours, Ethereum experienced $58.4 million in liquidations, with short liquidations accounting for $41.8 million, according to Coinglass data. The RSI and Stochastic Oscillator, now near neutral, could provide further bullish momentum if ETH surges past $3,100.

A breakout above $3,100 could see Ethereum test the upper boundary of a symmetrical triangle before facing a critical resistance at $3,470. However, failure to cross this level may lead to a drop back to the triangle's lower boundary. Traders are closely monitoring the MACD indicator, which has just crossed into the bullish region but remains in a bearish trend overall.

Why the Standoff Happened

Ethereum's struggle at $3,100 is part of a broader pattern of consolidation after a significant price drop earlier this quarter. The cryptocurrency had been trading above $3,800 before slipping below $3,200, where previous support levels now act as resistance. This shift has left ETH stuck in a tight range, waiting for a decisive move.

Analysts note that the current standoff is not just technical but also psychological. Investors and traders are waiting to see whether Ethereum can regain bullish momentum or if it will fall back into bearish territory. The 50-day EMA sits at $3,195, and a breakout above it would be a significant milestone. A failure to cross that level could open the door to further declines toward the $2,700–$2,800 range.

What Analysts Are Watching

Market participants are closely watching key technical indicators and on-chain activity. The RSI is on the cusp of breaking into the bullish region, which could reinforce Ethereum's recovery. However, the MACD indicator, while showing a bullish cross, still remains in a bearish range with flat green histograms. This mixed signal suggests that while some optimism exists, caution is still warranted.

Fundstrat analysts suggest that the next critical test will come as Ethereum tries to break past the confluence of the 100-day and 200-day EMAs near $3,403. A successful move would validate the bullish case and increase the likelihood of a sustained price increase. On the other hand, a rejection at $3,100 could trigger a retest of the $3,000 psychological level and expose Ethereum to renewed bearish pressure.

Risks to the Outlook

Despite recent positive momentum, Ethereum's path is not without risks. The broader cryptocurrency market remains vulnerable to macroeconomic headwinds, including tightening financial conditions and regulatory uncertainty. ETH's price is highly correlated with Bitcoin and other major cryptocurrencies, so any bearish movement in those markets could spill over.

Additionally, Ethereum's recovery is being watched by institutional investors, who have shown mixed signals in recent weeks. While inflows into ETFs have supported XRP, Ethereum remains below key EMAs, which slope downward, reinforcing the bearish bias. A failure to sustain above $3,100 could trigger a cascade of stop-loss orders and further downward pressure.

What This Means for Investors

For now, Ethereum remains a high-risk, high-reward investment. Investors bullish on the long-term potential of the Ethereum network should use any pullbacks to $2,700–$2,800 as buying opportunities, but should also be prepared for volatility. Short-term traders, meanwhile, may want to wait for a clear breakout above $3,100 before entering long positions.

The market is also keeping an eye on broader trends in the crypto space. Bullish (BLSH) has drawn attention from major institutional investors like Cathie Wood's Ark Invest, which recently added the stock to its portfolio. While this may not directly affect Ethereum's price, it highlights the broader confidence in the crypto ecosystem.