Ethereum Faces Showdown at $3.3K as Buyers Defend Key Support Levels

Ethereum’s latest daily price action shows the market struggling to build on last week’s sharp rebound, with bullish momentum beginning to flatten just beneath a cluster of major resistance levels. 

After briefly breaking above $3,300, ETH has slipped back toward the low $3,100s, where buyers are attempting to stabilize conditions despite softening trend indicators and mounting order-book pressure.

The recent sequence of higher closes had pushed Ethereum into a short-term recovery phase, but the pullback from $3,324 suggests traders are becoming more cautious as the market approaches historically heavy resistance. 

With the broader market tone mixed and ETH’s upside energy slowing, attention is now shifting to whether buyers can maintain control of the current structure—or whether a deeper retracement is forming beneath the surface.

Trend Indicators Signal Waning Momentum as Ethereum Tests Mid-Range Support

Ethereum’s short-term trend lines show a market attempting to recover but struggling to reclaim decisive bullish strength. 

The 9-day EMA had been rising steadily, reflecting the strong rebound earlier this month, but its slope has begun to flatten—an early sign that upside momentum is losing pressure. 

Daily chart for ETH/USDT (Source: TradingView)

Meanwhile, the 20-day EMA sits only marginally above the shorter EMA, reinforcing the idea that ETH is stuck in a mid-trend transition rather than a clear breakout or breakdown phase.

MACD momentum continues to improve, but the pace of improvement has slowed, suggesting that while bearish pressure has been fading, bullish control remains tentative. 

The indicator is still recovering from deeply negative levels, meaning buyers have reduced the intensity of selling but have not yet flipped the market into a strong upward trend.

The RSI tells a similar story. After climbing out of oversold territory and into a neutral-to-positive zone, it has begun to retreat slightly, implying that buyers may be losing some control after a multi-day push upward. 

Together, those indicators point to moderation—a market that has moved away from its lows but has not yet confirmed a full trend reversal.

Resistance Cluster Near $3,300–$3,371 Looms Over Any Potential Upside Break

Ethereum faces a dense layer of resistance overhead, with the zone between $3,300.99, $3,338.21, and $3,371.59 acting as a multi-tier barrier that has repeatedly rejected advances over the past two weeks. 

The recent failure near $3,324 reinforces the significance of this area. A clean daily close above the upper boundary would shift market structure decisively bullish, opening room for a more sustained recovery toward the mid-$3,400s.

However, the hesitation below those levels suggests traders are unwilling to chase the price without a clear catalyst. 

As long as ETH remains capped beneath this zone, upside attempts are likely to fade into profit-taking rather than extend into a larger breakout.

Buyers Hold the Line Around $3,137 but Bears Target Deeper Pullback Levels

On the downside, Ethereum is testing a support cluster between $3,137.51, $3,077.72, and $3,069.97, levels that represent both structural and psychological footholds. 

Those areas are where bulls have historically re-entered the market to neutralize selling pressure.

A break below the lowest tier would mark a clear shift toward bearish control and could trigger a deeper retracement back into the low $3,000s. Conversely, sustained stability above $3,137 would give buyers the foundation needed to mount another attempt at the $3,300 barrier.

Order Book Shows Heavy Bid Defense but Stiff Ask Pressure Near $3,200

A look at Ethereum’s near-term order book adds clarity to the current struggle between bulls and bears.

Several bid walls sit tightly beneath current price:

• $3,189.49 – breaking this wall would cause only a minor slip, but it represents the strongest buyer defense in the region.
• $3,188.59 – another significant liquidity layer that, if lost, would likely accelerate downward drift.
• $3,189.23 – part of a stacked defense zone showing that buyers are clustering orders aggressively.

The depth of buyer concentration in this region suggests bulls are actively attempting to protect the structure above $3,137.

On the upside, ask walls at:

• $3,208.02
• $3,200.98
• $3,195.11 

…are creating a ceiling that prevents ETH from cleanly reclaiming momentum. Clearing these layers could produce quick, incremental pushes of 0.06% to nearly 0.5%, enough to re-engage momentum traders and potentially move price back toward the first major resistance at $3,300.

Trade Setups: What Longs and Shorts Should Watch Next

For long traders, the ideal scenario involves ETH holding above the mid-$3,100 support band while order-book bid walls continue to absorb pressure. 

A sustained close above $3,200 would be an early confirmation signal, while a breakout through the $3,300–$3,338 zone could trigger a larger bullish extension. Potential exits sit just below $3,371, where heavy resistance could force a pullback.

For short traders, the focus shifts to whether buyers can maintain the floor around $3,137. A breakdown of this region—combined with collapsing bid-wall liquidity—would open the door to a deeper move, with the $3,077 and $3,069 levels acting as near-term downside targets. Short positions become less favorable if ETH reclaims $3,300 with strong momentum, as this would signal a structural reversal.

Overall, Ethereum is sitting at a key crossroads where both bulls and bears have credible arguments, and order-book activity suggests a tug-of-war environment rather than a directional trend.

Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.