The post ETH Tests $2,920 Support as Year-End Trading Thins Amid Broader Crypto Weakness appeared on BitcoinEthereumNews.com.

Alvin Lang
Dec 26, 2025 16:49

Ethereum price hovers at $2,920.01, down 1.2% in holiday trading as technical indicators signal potential consolidation phase heading into year-end.

Quick Take • ETH trading at $2,920.01 (down 1.2% in 24h) • Holiday trading volumes creating technical-driven price action • Key support test at Bollinger Band middle line around $3,031 • Following Bitcoin’s broader weakness in thin market conditions Market Events Driving Ethereum Price Movement Trading on technical factors in absence of major catalysts dominates the current ETH price action. No significant news events have emerged in the past 48 hours, leaving Ethereum vulnerable to technical selling pressure as the cryptocurrency market enters its traditional year-end consolidation period. The lack of institutional activity during the holiday season has amplified technical movements, with ETH price responding primarily to algorithmic trading around key moving average levels. Volume on Binance spot markets remains elevated at over $1 billion, suggesting continued institutional positioning despite the holiday period. Broader cryptocurrency weakness, led by Bitcoin’s decline, has created additional downward pressure on Ethereum. The correlation between major cryptocurrencies has strengthened during this low-volume period, with ETH following Bitcoin’s lead in testing lower support levels. ETH Technical Analysis: Consolidation Below Key Averages Price Action Context Ethereum technical analysis reveals a concerning position below multiple key moving averages. The ETH price currently sits below the 7-day SMA ($2,960.84), 20-day SMA ($3,031.06), and 50-day SMA ($3,070.91), indicating short to medium-term bearish momentum. The 200-day SMA at $3,583.64 remains significantly overhead, highlighting the longer-term resistance challenge. The current positioning within the Bollinger Bands shows ETH at a %B reading of 0.2951, indicating the price is below the middle band and trending toward the lower band at $2,760.12. Volume analysis suggests institutional interest remains present but cautious,…

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Filed under: News - @ December 26, 2025 5:21 pm