Ethereum recovered to $ 3010

Ethereum ETH $3,022.46 Bridged Ether (StarkGate) -0.17% Market capitalization $73.05 million VOL. 24 hours $0.86 billion has risen above the $ 3,000 mark again, recovering from the sharp drop seen last week. The four-hour chart shows that the ETH price rebounded from a local low around $ 2,800 and stabilized just above $ 3,020, gradually rising until December 22.

In the short term, the market is showing signs of stabilization after the sell-off that lasted from December 15 to 18. After a sharp decline, there was a quick pullback upward, and the price entered a narrow trading range. This indicates an easing of pressure from sellers. The $ 3,000 level remains a key psychological barrier that often determines short-term trader sentiment.

Trading volumes have declined compared to the previous crash, indicating a decline in aggressive selling. The current growth appears to be corrected rather than impulsive, meaning that the market is more inclined to stabilize than to reverse the trend.

Technical indicators indicate that investors are cautious. The current price of Ethereum is around $ 3,025, while the 50-day moving average is at $ 3,090 and the 200-day is around $ 3,374, which keeps pressure on the long-term trend. The Relative Strength Indicator (RSI) is at 47, meaning the market is neither overbought nor oversold. The Fear and Greed Index remains in the «extreme fear» zone at 25.

Ethereum’s return above $ 3,000 is a positive short-term signal, but there is no confirmation of a new uptrend yet. To form a sustainable growth, the cryptocurrency must gain a foothold above the 50-day moving average and overcome the range of $ 3,100-$ 3,200. Until then, the market is likely to remain in a state of consolidation, balancing the risks of further decline with signs of support from buyers.