The post Ethereum Price Prediction: ETH Price Slips Below Momentum While $120M Whale Buy Sparks Market Debate appeared on BitcoinEthereumNews.com.

Ethereum is facing renewed pressure as repeated failures near the $3,000 level weaken short-term momentum, even as large on-chain investors continue to accumulate aggressively. As of December 24, Ethereum is trading near $2,940, down 0.34% over the past 24 hours, according to market data. Spot trading volume remains elevated at roughly $18 billion, indicating that liquidity has not dried up despite recent price softness. This combination often reflects active repositioning rather than market capitulation. Ethereum Struggles to Reclaim the $3,000 Level From a technical standpoint, Ethereum has failed to establish acceptance above the $3,000 resistance zone, a level that has capped upside attempts for several months. The repeated rejection suggests that sell-side liquidity remains concentrated near this range. Ethereum faces repeated rejection at $3,000, raising the risk of a drop toward the $2,800 support zone. Source: @TedPillows via X Trader Ted Pillows, who focuses on macro-driven and on-chain market structure analysis, highlighted the issue in a recent post. “$ETH keeps on getting rejected from the $3,000 level. If this level isn’t reclaimed soon, Ethereum will drop below the $2,800 zone.” The six-month ETH/USDT chart referenced by Ted shows multiple breakout failures since July 2025. Each attempt has been accompanied by declining follow-through volume, a common signal of weakening momentum. On the daily timeframe, momentum indicators such as the Relative Strength Index (RSI) have struggled to sustain bullish territory, reinforcing the view that buyers lack conviction above resistance. Ethereum is currently trading around 3% below its weekly high of $3,073, keeping price action within a lower-high structure. In practical terms, repeated failures at the same resistance level often encourage short-term traders to fade rallies, increasing downside pressure toward nearby support near $2,800. Whale Accumulation Adds a Bullish Counterweight While technical charts reflect growing caution, on-chain data presents a contrasting signal. Not…

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Filed under: News - @ December 24, 2025 9:25 pm