Ethereum Price Prediction: ETH Price Defends $2,900 Support as Liquidity Sweep and Head-and-Shoulders Risk Shape Near-Term Outlook
The post Ethereum Price Prediction: ETH Price Defends $2,900 Support as Liquidity Sweep and Head-and-Shoulders Risk Shape Near-Term Outlook appeared on BitcoinEthereumNews.com.
Ethereum is currently navigating a critical juncture as price action, technical structures, and institutional positioning converge around a key support zone. Observations from on-chain metrics, short-term chart patterns, and fund market behavior indicate that ETH is balancing between stabilization and potential downside risks, making the next confirmed move crucial for traders and investors. The Ethereum price today is hovering near $3,000 after rebounding from a low of $2,780 in late November. Intraday charts on the 4-hour and daily timeframes show buyers stepping in near $2,905–$2,920, indicating active demand at this level. While short-term bullish signals have emerged, broader structural resistance and momentum indicators suggest the trend remains in a delicate equilibrium. Ethereum Price Holds Key $2,900 Support Zone On the 4-hour ETH/USDT chart, the $2,900–$2,920 zone has acted as a reaction point three times over the past two weeks, each time accompanied by above-average buy volume. This level also aligns with the neckline of a developing head-and-shoulders pattern, a formation that typically signals trend reversal if broken decisively. Ethereum (ETH) is trading within a descending channel near the $2,900–$2,920 key zone, showing a failed breakout on a potential head & shoulders pattern and maintaining dominant bearish momentum. Source: melikatrader94 on TradingView Observed trading activity confirms that as long as Ethereum remains above the $2,905 low, upside attempts are viable. Breaking below this support could activate the head-and-shoulders pattern, exposing ETH to the next demand zone near $2,630. Conversely, sustained defense at $2,900 could keep Ethereum consolidating in the $2,900–$3,050 range, offering traders a clear risk/reward framework. Liquidity Sweep Signals Short-Term Buying Interest Intraday order book analysis shows that Ethereum recently swept sell-side liquidity around $2,950, removing weaker stop-loss positions. Such liquidity sweeps often precede short-term reversals or stabilization. Ethereum (ETH) recently swept sell-side liquidity, triggering strong demand and setting up…
Filed under: News - @ December 16, 2025 8:28 pm