Ethereum price: Stuck Below $3,000 After Yet Another Rejection – What’s Next?

TLDR

• Ethereum price remains trapped in a tight range below $3,000 with multiple rejection attempts at this key resistance level
• The cryptocurrency held up well despite President Trump’s 100% tariff threats against Canada but failed to break higher
• Unverified claims surfaced about BlackRock liquidating large crypto positions during low-liquidity hours
• ETH briefly tested the $2,800 zone before recovering above $2,900 but continues facing strong overhead resistance
• Technical analysts say a full daily close above $3,000 is required before any meaningful upside trend can begin

Ethereum price action remained locked in consolidation this week as the second-largest cryptocurrency struggled to overcome resistance at the $3,000 level. The token traded sideways despite various macro events and market pressures.

The $3,000 mark has become a critical psychological and technical barrier for traders. Each time ETH approached this level, selling pressure emerged and pushed the price back down.

Analyst Ted Pillows noted that Ethereum “held up well” when President Trump announced potential 100% tariffs against Canada. However, he warned that a clean break above $3,000 was needed to avoid further downside movement.

Multiple technical analysts pointed to the repeated rejections at resistance. Crypto General stated that ETH needed a “full-body daily close above $3,000” before any trend shift could occur. Every attempt to push higher had been met with selling pressure.

Traders began treating rallies toward $3,000 as opportunities to sell rather than signs of continued upside. This behavior reinforced the range-bound conditions that defined recent price action.

Range-Bound Trading Continues

The cryptocurrency maintained support above $2,800 even as it failed to break resistance. ETH briefly tested the $2,780 level before recovering back above $2,900 and the 100-hour Simple Moving Average.

Price action showed limited reaction to macro headlines. Traditional markets experienced volatility from Trump’s tariff announcement, but Ethereum remained relatively stable during the event.

Ted Pillows suggested this stability demonstrated relative strength. However, he cautioned that sideways movement left ETH vulnerable if the $3,000 barrier continued holding.

Volume remained low during attempted rallies above resistance. The lack of buying conviction suggested traders were hesitant to push prices higher at current levels.

Unverified Selling Claims Surface

Additional uncertainty emerged when an account called DeFiTracer claimed BlackRock had started liquidating large crypto positions. The claim alleged the firm sold ETH and Bitcoin during low-liquidity trading hours.

No transaction data or on-chain evidence was provided to support this assertion. The post still circulated widely and added caution to market sentiment.

Traders treated the claims carefully without confirmation from blockchain data or official statements. The narrative became another risk factor in an already hesitant market environment.

Technical Levels in Focus

Ethereum continues respecting clear technical boundaries. The $3,000 level serves as overhead resistance while recent lows around $2,800 define short-term support.

Crypto General noted that partial moves above $3,000 failed to change market structure. Only a decisive daily close above resistance would shift current consolidation patterns.

The 61.8% Fibonacci retracement level sits near $2,960 and represents immediate resistance. A move above this level could open the path toward testing $3,000 again.

If ETH clears $3,000 and $3,020, the next resistance zone sits at $3,065. A break above that level could push prices toward $3,120 or $3,150.

On the downside, support levels exist at $2,880 and $2,840. A drop below $2,840 could lead to tests of $2,800 or even $2,765.

Ethereum is currently attempting a recovery wave after breaking above a bearish trend line with resistance at $2,910. The price trades just above $2,900 as buyers try to maintain momentum above the 100-hour moving average.

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