Picture this: Ethereum, the blockchain’s own version of a stubborn cat, is currently doing a lovely job of pretending everything’s fine. It’s been lounging above this historic Weekly CME Gap-think of it as Ethereum’s secret hideout-since late November. Oh yes, since around $2,900, ETH has refused to budge, despite what the charts-those mean, judgy little buggers-might have predicted.
Meanwhile, this zone has become a bit of a magnet for traders-like moths to a flame-focused on where the magic (or mayhem) might take us next. It’s the kind of support level that makes you wonder if Ethereum just has some emotional attachment to it. Or maybe it’s just tired of falling. Either way, it’s holding strong, like your grandma on her daily walk.
Support? More Like ETH’s New BFF 🤝
Our dear ETH took a scenic detour down to roughly $2,900 on November 26. Since then, it’s been chilling above $3,200-yep, like that one friend who refuses to acknowledge the chaos around them – and there it’s been, snug and secure, hugging that support zone through 2.5 weeks of market mayhem.
Rekt Capital (sounds like a superhero, right?) points out ETH is firmly standing its ground within a tightening range-support at the bottom, trendline at the top, like a poorly run dance floor at 2 a.m.
$ETH
Ethereum has been successfully finding support at its historic Weekly CME Gap (orange) over the past 2.5 weeks#ETH #Crypto #Ethereum
– Rekt Capital (@rektcapital) December 3, 2025
And just to add a little more spice, Merlijn The Trader (who clearly has a good name for a superhero) mentioned that Ethereum’s RSI has finally broken free from its long-term downtrend. Momentum, darling. It’s leading the way, apparently. If that keeps up, the next stop might be around $3,400-because why not aim for the stars?
Plus, Ethereum has reclaimed its 50-week simple moving average-cue dramatic music-after bouncing off $2,800. Crypto Rover claims ETH is now riding high above this trend line, which many see as the medium-term crystal ball of market health.
The Short-Term Love Affair: Targets and Drama 💖
CryptoWZRD (yes, another superhero name) reports both ETH and its Bitcoin counterpart closed daily candles in the green-good news, folks! ETHBTC is also above a trendline holding for over 100 days, heading toward 0.040 BTC like it’s chasing a prize.
Next stop? Well, if the momentum keeps humming, $3,700 isn’t just a dream-it’s the next stop on ETH’s rollercoaster. Keep an eye on $3,200, though. If it holds, we might see another long entry into the game-because who doesn’t love a good dip-and-rip?
If rejected, prepare for some sideways action-the market’s version of a ‘meh’ moment-with resistance at $3,550 and support at $2,800. ETH juggled between $3,150 and $3,250 after the Fusaka launch, and currently sits at $3,190, up 4% in 24 hours and 6% over the week. That’s about as lively as a Saturday night in!
Volumes? Oh, they’re dancing too-up 5% in a day with nearly $32 billion traded. The smart money from addresses holding 1,000-10,000 ETH is apparently feeling particularly bullish, or maybe just really into shopping.
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2025-12-04 20:20