Ether hovered near $2,900–$2,950 after a pullback from $3,300, as two analysts highlighted the zone as key support. One chart framed the move as a possible Wyckoff last point of support, while another flagged $3,300 and $3,600 as the next resistance levels. Wyckoff chart flags ETH support test near $2,900 A chart shared on X by analyst Bitcoinsensus shows Ether trading near $2,920 and labels the recent pullback as a possible “last point of support” in a Wyckoff accumulation setup. The TradingView-style graphic marks prior Wyckoff events on the left side of the cycle, including a selling climax (SC), an automatic rally (AR), and a secondary test (ST), then tracks a long trading range through 2022–2024. Ethereum Wyckoff Accumulation Chart. Source: Bitcoinsensus on X More recently, the chart highlights two areas marked “LPS,” including one around the early-2025 base and another near the current zone just below $3,000. The same image draws a horizontal resistance band near the mid-$4,000s, where price previously rejected, and keeps a broader support line lower on the chart around the $1,300 area. The analyst’s projection sketches a push back toward resistance, then a breakout labeled “SOS” (sign of strength) and a climb toward $5,000 and above. The post frames that outcome as the next phase if Ether holds the current support area and reclaims the upper boundary of the range. ETH tests support near $2,950 as traders watch $3,300 resistance Meanwhile, a daily ETH/USDT chart shared on X by That Martini Guy shows Ether trading near $2,950 after a sharp pullback from the $3,300 area. The chart marks $3,300 as a key resistance zone, with a higher supply band near $3,600 where price previously stalled. On the downside, the graphic highlights a support region just above $2,900, which price is currently testing after the latest sell-off. Ethereum USDT Daily Support and Resistance Chart. Source: That Martini Guy on X The structure shows Ether moving within a broad range that has defined recent price action. After failing to hold above $3,300, ETH slid quickly back into the middle of the range, then dipped toward the lower support zone. The analyst’s annotations suggest that a sustained move back above $3,300 would reopen the path toward the $3,600 area, while continued weakness could expose the lower boundary near $2,800. The chart frames the current level as a decision point. Holding above the $2,900–$3,000 zone would keep Ether inside its established range, while a confirmed break below would shift focus to the next marked support near $2,800. Price at the time of the snapshot sat around $2,948 on Binance, reflecting modest losses on the session.
