ETH Price Near $2,900 Support With $3,300 Resistance Ahead

Source: CryptoNewsNet Original Title: ETH Price Near $2,900 Support With $3,300 Resistance Ahead Original Link:

Wyckoff Analysis Points to $2,900 Support Zone

Ether hovered near $2,900–$2,950 after a pullback from $3,300, as two analysts highlighted the zone as key support. One chart framed the move as a possible Wyckoff last point of support, while another flagged $3,300 and $3,600 as the next resistance levels.

A technical analysis shows Ether trading near $2,920 and labels the recent pullback as a possible “last point of support” in a Wyckoff accumulation setup. The graphic marks prior Wyckoff events including a selling climax (SC), an automatic rally (AR), and a secondary test (ST), then tracks a long trading range through 2022–2024.

More recently, the chart highlights two areas marked “LPS,” including one around the early-2025 base and another near the current zone just below $3,000. The same image draws a horizontal resistance band near the mid-$4,000s where price previously rejected, and keeps a broader support line lower on the chart around the $1,300 area.

The analyst’s projection sketches a push back toward resistance, then a breakout labeled “SOS” (sign of strength) and a climb toward $5,000 and above. The analysis frames that outcome as the next phase if Ether holds the current support area and reclaims the upper boundary of the range.

ETH Tests Support Near $2,950 as Traders Watch $3,300 Resistance

A daily ETH/USDT chart shows Ether trading near $2,950 after a sharp pullback from the $3,300 area. The chart marks $3,300 as a key resistance zone, with a higher supply band near $3,600 where price previously stalled. On the downside, the graphic highlights a support region just above $2,900, which price is currently testing after the latest sell-off.

The structure shows Ether moving within a broad range that has defined recent price action. After failing to hold above $3,300, ETH slid quickly back into the middle of the range, then dipped toward the lower support zone. The analysis suggests that a sustained move back above $3,300 would reopen the path toward the $3,600 area, while continued weakness could expose the lower boundary near $2,800.

The current level is framed as a decision point. Holding above the $2,900–$3,000 zone would keep Ether inside its established range, while a confirmed break below would shift focus to the next marked support near $2,800. Price reflected modest losses on the session at the time of analysis.