Ethereum price prediction: Buyers defend $2,900 as recovery remains corrective

From tradersunion.com

Ethereum is trading through a transitional phase on Monday, with short-term recovery attempts colliding with unresolved higher-timeframe pressure. After sliding sharply from October highs above $4,700, ETH has spent much of November and December stabilizing above the $2,900–$3,000 zone. The current phase reflects balance rather than conviction. Buyers are defending key support, but sellers continue to control higher-timeframe structure. Price action shows the market has shifted away from acceleration lower, but it has yet to reclaim levels that would confirm a renewed bullish trend. For now, Ethereum remains ... (full story)