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Ethereum Price Prediction: ETH Near $2,800 Support Amid Market Uncertainty

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ETH
$3,025.941.67%
Ethereum’s price action is currently testing the $2,800 support and resistance level, a former resistance now acting as a key floor. Bulls and bears are locked in a tight battle, with whale movements and derivatives positioning clouding the near-term outlook. On-chain data shows a major ETH transfer linked to Erik Voorhees, hinting at portfolio adjustments. A large ETH long position has grown to over $575 million, showing mixed sentiment. The next move at $2,800 will decide if ETH heads back toward $2,500 or pushes higher toward $3,000.
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