TLDR
- ETH continues to face rejection in the $3,000–$3,100 range, creating lower highs since July.
- Dropping below $2,900 turns attention to the crucial $2,800 support zone.
- Short-term charts indicate sellers dominate, though exhaustion is appearing around $2,840.
- Declining ETH revenues underscore growing competition among layer-1 blockchains, even as L2 solutions expand.
Ethereum (ETH) faces mounting pressure as continued failures at key resistance levels steer short-term sentiment. Market observers point to deteriorating momentum across daily and hourly timeframes, warning that breakdowns at pivotal levels could amplify downside risks. Meanwhile, evolving revenue patterns among layer-1 networks provide a wider fundamental context.
Ethereum Price Struggles Below $3,100 Resistance Zone
Per analyst Ted, ETH’s price action demonstrates consistent rejection at the $3,000–$3,100 resistance area since July 2025. Every effort to push higher has been met with retreats toward the $2,800 support region. This sequence of lower peaks signals waning upward momentum against a backdrop of broader market unease.
The latest drop below $3,000 strengthens short-term bearish control. Trading volume, however, stays moderate, suggesting no panic selling. This points to range-bound consolidation rather than outright surrender, keeping prices contained for the time being.
Ted cautioned that inability to recapture $3,000 in the near term may retest the $2,800 area. That threshold has historically drawn buying interest and warrants close attention. A daily settlement above $3,100 would be necessary to the broader structure toward bullish favor.
Intraday Downtrend Signals Seller Control Near $2,900
Separately, analyst Lennaert highlighted near-term fragility on the hourly chart. The price pattern reveals a gradual decline, characterized by rebuffs near $2,990 and a breach of the $2,900 floor. Successive lower troughs and diminishing volatility indicate persistent downward pressure.
Even with the bearish setup, indications of seller exhaustion are surfacing around the $2,840 support mark. Volume surges on recent tests show active engagement, yet lack the strength to signal a turnaround. The analyst stresses that the trajectory stays negative until critical thresholds are recovered.
Per the analyst, short trades grow riskier after support breaks and subsequent retests. Long positions, conversely, demand firm validation at support. Prices may require more time to establish a base before a durable recovery can emerge from present levels.
Revenue Shift Highlights Network Competition
Furthermore, figures from analyst Gerla contextualize Ethereum’s technical picture within an evolving fundamental scene. Yearly revenue data reveals Ethereum’s drop from over $5 billion at its height to approximately $522 million year-to-date in 2025. During the same interval, Solana’s revenue jumped dramatically, closing the gap.
This split mirrors structural shifts in the Ethereum network. Greater adoption of layer-2 solutions has cut base-layer fee collection, affecting performance indicators. Though this boosts scalability, it changes how value builds at the protocol tier.
The numbers highlight mounting rivalry among layer-1 chains. While revenue patterns don’t directly drive prices, they shape long-term storylines. For Ethereum, preserving its position amid these changes stays a central concern, alongside immediate technical factors.
Ethereum’s price movement stays trapped between firm resistance and essential support. Experts concur that validation at pivotal levels will dictate the upcoming directional shift. Until such confirmation emerges, traders keep monitoring volume and market structure for sharper cues.
