Ethereum News Today: Can Ethereum Hold the $3,000 Mark or Is a Rebound on the Horizon?

Ethereum's value has steadied around key support zones as the wider cryptocurrency market undergoes a correction, with technical signals and expert opinions painting an uncertain picture. ETH, the second-largest digital asset by market value, has fallen below $3,200, and market participants are watching closely to see if the $3,000 mark will be maintained after

in recent trading. The Relative Strength Index (RSI) for has bounced back to 37, indicating some renewed confidence among buyers, although — where the 50-day Exponential Moving Average (EMA) dips below the 100-day EMA — signals ongoing bearish pressure.

The latest downturn happened alongside Bitcoin's slide beneath $92,000, sparking

for both major cryptocurrencies. According to Coinalyze, Ethereum's move under $3,000 was marked by , with the RSI dropping to an oversold reading of 31.09. Still, significant resistance remains at $3,800 and $4,000, where . For now, the main question is whether Ethereum can toward $2,880.

Experts are split on what comes next. Crypto strategist Tom Lee has

and could rally to $7,000 within 45 days. His positive outlook is linked to the increasing use of stablecoins on Ethereum and , which is designed to boost scalability and lower transaction costs with features like PeerDAS. On the other hand, technical analysts warn that near $4,800 highlights broader market fragility, worsened by "quantitative tightening" as crypto market makers face liquidity shortages.

Experts are split on what comes next. Crypto strategist Tom Lee has

and could rally to $7,000 within 45 days. His positive outlook is linked to the increasing use of stablecoins on Ethereum and , which is designed to boost scalability and lower transaction costs with features like PeerDAS. On the other hand, technical analysts warn that near $4,800 highlights broader market fragility, worsened by "quantitative tightening" as crypto market makers face liquidity shortages.

Wider economic factors add further uncertainty.

, which reported only 22,000 new jobs, has increased expectations that the Federal Reserve may cut rates before the year ends. Such monetary easing could , as lower real yields and a softer dollar often encourage investment in higher-risk markets. However, the crypto sector's sensitivity to economic policy means before potentially providing support.

is another sign of possible foundational support for the sector. The asset manager, which oversees the largest Ethereum ETF (ETHA) with assets exceeding $13 billion, is that would offer yield to its clients. This move could , especially as staking rewards after the merge draw in investors seeking returns.

Despite these positive developments, Ethereum continues to face challenges from ongoing deleveraging in the crypto space.

in a single day when ETH fell below $3,000, with open interest and funding rates pointing to sustained downward pressure. Analyst Ted on X observed that and $3,600 could serve as either support or resistance, depending on price movements.

In the near future, Ethereum's direction will depend on whether buyers can protect the $3,000 mark and spark a recovery. If this level holds, it could attract risk-tolerant investors hoping for a bounce, but if it fails, prices may test $2,880,

. At present, the market is delicately balanced between further declines and cautious optimism.