$ETH is trading near key support around $2,700–$3,000, a demand zone that could act as a floor.

Long-term holders appear to be accumulating or at least reducing outflows, suggesting some conviction at these levels.

Technical indicators on shorter time-frames are showing some “Buy” signals — moving averages and momentum indicators favour a possible bounce.

Investing.com

What’s not working

Fresh demand (new investors) is weak: growth in new ETH addresses is stagnant. That limits the fuel for a sustained rally.

BeInCrypto

The broader trend remains under pressure: ETH is in a downward channel and if it fails the support zone we could see a deeper drop.

Despite short-term bullish signals, some analysts regard ETH as a “risky buy” at current levels — the rebound isn’t confirmed. My short-term takeaway

ETH sits at a crossroads. If it holds the ~$2,700-$3,000 level and fresh demand kicks in, it could bounce towards ~$3,100-$3,300. On the other hand, if support fails and new demand remains weak, a drop toward ~$2,500 or lower is quite plausible.

What to watch

The ability of ETH to reclaim and stay above ~$3,000.

Growth in new ETH addresses / active wallets (a gauge of fresh money).

Whether the downward channel is broken or reinforced in the coming days.#ProjectCrypto #US-EUTradeAgreement #etherreum #CPIWatch