Short-term moving averages have started to cap rebounds, which often signals a corrective phase. Volume has also softened during recent bounces, which points to thinner follow-through.
Ethereum price has also respected the $3,100 area as an intraday magnet. Besides, repeated tests can weaken support over time. A clear close above $3,300 would reduce that risk and refocus attention on higher resistance in the near term.
For momentum to improve, Ethereum price needs a move above $3,300 and a sustained hold. Traders often treat that level as a trigger that can flip short-term structure back upward.
If Ethereum price slips below $3,000 with follow-through, downside risk increases. In that scenario, the $2,700–$2,800 long-term accumulation band becomes the next major support zone to monitor.