Trendline Resistance Persists as ETH Trades In Tight Range

• ETH remains capped below a descending trendline and a dense EMA cluster between $3,190 and $3,405.
• Spot flows show no sustained accumulation, reinforcing range-bound price action rather than a breakout.
• Buyers continue to defend the $2,900–$2,950 demand zone, keeping downside pressure contained for now.

Ethereum price today trades near $3,030, stabilizing after defending the lower boundary of its recent range. Price remains trapped beneath a descending trendline that has capped every recovery attempt since October, while buyers continue to protect the $2,900–$2,950 demand zone. The market is balanced, with neither side showing conviction.

Descending Trendline Continues To Cap Recovery Attempts

On the daily chart, Ethereum remains locked inside a broad descending structure that began after the September peak. Each rally since then has stalled below the falling trendline, reinforcing seller control on higher timeframes.

Price continues to trade below the 20, 50, 100, and 200-day EMAs, all of which are clustered between $3,190 and $3,405. This EMA stack has become a dense resistance zone rather than dynamic support. The Supertrend also remains red near $3,380, aligning with the trendline and strengthening that ceiling.

Until ETH can reclaim this confluence decisively, upside attempts remain corrective. The broader structure still favors consolidation or continuation lower rather than an immediate trend reversal.

Spot Flows Show No Clear Accumulation Trend

Spot flow data continues to reflect indecision. Recent sessions show modest net inflows, including roughly $6.7 million on December 22, but that follows a prolonged period of net outflows throughout October and November.

Related: Midnight Price Prediction: Spot Outflows Clash With Bullish Structure

The broader picture remains distribution-heavy. Large inflow days have failed to persist, and outflows continue to dominate on a rolling basis. This behavior suggests that long-term accumulation is not yet aggressive enough to overpower technical resistance.

Intraday Structure Shows Controlled Stabilization

On the 30-minute chart, Ethereum is carving out a rising channel after rebounding from the $2,950 swing low. Price is holding above short-term trend support and pushing gradually higher, but momentum remains measured rather than impulsive.

RSI is holding near the 58 level, reflecting balanced conditions rather than overbought pressure. MACD remains positive but flat, signaling stabilization instead of expansion. This aligns with the broader theme of compression rather than directional conviction.

Intraday buyers are active, but they have not yet forced price into higher timeframes. Without a breakout above $3,100–$3,150, the move remains tactical, not structural.

Outlook. Will Ethereum Go Up?

Ethereum remains in a tightening range with pressure building on both sides.

• Bullish case: A daily close above $3,300 flips the trendline and EMA cluster back into support, opening the door toward $3,600 and higher extensions.
• Bearish case: Losing $2,900 invalidates the range and exposes downside toward $2,750.

Until either level breaks, Ethereum stays in consolidation. The next move will be decisive, not gradual.