⚠️ *Ethereum Hits a Wall Below 3,000 — What’s Next?*$ETH is hovering around *2,980*, showing signs of stability, but bulls still can’t break through that key *3,000* resistance. Short-term bounces are weak, and broader market signals lean cautious.

*What’s Holding ETH Back:*

- Ongoing *spot ETF outflows*

- *Flat futures premiums*, showing lack of strong long interest

- *Options skew* favors downside protection

- *Open interest* and *leverage cooling*

*Key Technical Zones:*

- *Support:* 2,850 –2,900

- *Resistance:* 3,000 →3,150+

- A confirmed breakout above $3,150 could shift sentiment

*On-Chain View:*

- *Network activity* is still soft

- *Active addresses* and *transactions* remain muted

- But *DeFi TVL* is holding steady

*Bottom Line:*

This is *stabilization*, not strength. Until ETH breaks resistance with volume and conviction, expect chop. Stay cautious, trade the range, and don’t chase.

#Ethereum #ETH #CryptoMarket #CPIWatch #USJobsData $ETH

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