Ethereum is currently stuck at the $2890 level, which the market views as the critical threshold on the higher time frame. Analyst Crypto Patel straightforwardly said—this price level has repeatedly attracted buyers, supporting the current market structure.

Price volatility has recently compressed tightly, which usually indicates a major move is coming. There is still support at $2800 below, which has historically prevented further declines multiple times, showing that there are still buyers willing to step in. But frankly, the current market is a bit confusing, with bulls and bears locked in a stalemate, and both sides could take the lead.

If it breaks below $2800, the bullish logic will easily collapse, and the structure will turn bearish. There is a lesson from the past—similar situations previously saw Ethereum drop 22% in a short period, severely damaging market confidence. This zone is a "winner takes all" area; if broken, traders will need to recalculate.

Conversely, if the $2890 to $2800 range holds, Ethereum could continue to rebound, targeting $3650 and $4250. However, looking at the weekly chart, Ethereum's strength relative to Bitcoin is average, having only gained 1.45% in December, indicating a lack of momentum in the market.

The core point is this: this is a critical moment. Short-term volatility is inevitable. Holding support could lead to a rebound, but a breakdown requires risk management. Beginners should closely monitor price levels and avoid blindly chasing highs out of temptation.