Ethereum Price Holds $2,900 Support As Bulls Target Recovery Above $3,120 Resistance

Ethereum retreated from the $3,000 resistance and slid below $2,920 before testing $2,865, where it began consolidating. The price is now trading under $3,050 and the 100-hourly Simple Moving Average, with key resistance levels seen at $3,065, $3,100 and $3,120. A sustained move above $3,120 could open the way toward $3,175 and potentially $3,220–$3,300, while failure to clear $3,065 risks fresh declines toward $2,900 and lower supports.