Short-Term Market:

$ETH is consolidating in the $2,900–$3,020 range and is waiting for a strong breakout above $3,000. Bearish pressure is still present in the short term.

Technical Signals:

Price is struggling to move upward as the 100-day and 200-day moving averages are acting as strong resistance levels.

On-Chain Data:

Network activity and staking participation are increasing, which can support a bullish trend in the long run.

Outlook:

A daily close above $3,100 could trigger upward momentum; otherwise, $ETH may continue sideways or slightly downward movement.

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