Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum’s recent rebound has brought a brief sense of relief, but the bigger challenge still lies ahead. While price is attempting to stabilize after weeks of sideways action, the broader structure suggests this move remains corrective rather than decisive. Until ETH can clear the $3,550 barrier, the bounce looks more like a pause in consolidation than the start of a sustained upside breakout. Sideways Correction Still Dominates Ethereum’s Structure
Accordingto More Crypto Online, Ethereum continues to trade within a sideways corrective structure that has been in place since November 21. Price action remains capped below the upper boundary of this corrective trendchannel, signaling that the market has yet to show a convincing shift toward a broader bullish phase. Related Reading Here’s The Ethereum Descending Triangle Structure That Threatens A Crash Below $2,800 18 hours ago
At this stage, a break above the corrective channel is the minimum indication that upside momentum may be developing. Even if Ethereum does push higher, caution is still warranted. Any advance from current levels could simply unfold as a yellow B-wave within a larger circle wave 5, or as an extended phase of circle wave 4. Both scenarios imply that upward movement may be corrective in nature rather than the start of a sustained rally. ETH stuck within a descending channel pattern | Source: Chart from More Crypto Online on X
For the more bullish orange scenario to gain real credibility, Ethereum would need to reclaim the $3,550 resistance level decisively . A clean break and hold above this zone would help confirm a stronger breakout structure and reduce the risk that the move is merely a temporary bounce.
Until such confirmation appears, the probability of another downside test remains elevated. Overall, the technical structure still favors consolidation or further downside over an immediate bullish continuation, keeping the market in a cautious mode. ETH Mirrors Bitcoin’s Range-Bound Behavior
In a more recent update, Crypto Candy noted that Ethereum continues to mirror Bitcoin’s price behavior, remaining locked in a well-defined range between $2,700 and $3,400. ETH’s price has been largely stagnant over the past few sessions, indicating indecision across the broader marketas participants await a clearer directional cue. Related Reading Ethereum Price Targets Break Above $3K, Bulls Smell Opportunity 21 hours ago
However, ETH recently found support in the $2,600–$2,700 demand zone, where buyers stepped in and sparked a short-term bounce. This reaction has allowed price to start pushing back toward higher levels within the range, suggesting that downside pressure is easing for now. If momentum continues to build, a move toward the upper boundary around $3,400 could regain focus.
For the bullish bias to remain valid, the $2,600–$2,700 support area must continue to hold. A clean breakdown below that zone would weaken the current recoveryattempt and reopen the door to deeper downside. ETH trading at $2,969 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com