Ethereum — Technical Signal Summary (Dec 22, 2025) ~ $ETH trading around $3,000, compressing near the 14D EMA ($3,006) ~ Market in tight consolidation, awaiting directional expansion Momentum & Indicators ~ RSI at 46.97 ~ Neutral ~ Confirms indecision, no trend confirmation yet ~ Stochastic bullish crossover (%K > %D from near-oversold) ~ Short-term upside momentum building ~ Typically precedes relief pushes inside ranges ~ MACD still bearish ~ Momentum negative but weakening, not accelerating ~ Suggests downside pressure is losing force, not reversed ~ Bollinger Bands moderately tight ~ Volatility compression ~ Expansion likely within sessions, direction unresolved Key Price Levels ~ Immediate resistance: $3,040 – $3,085 ~ Major pivot zone, rejection here keeps ETH range-bound ~ Clean daily close above $3,085 opens path to $3,200 → $3,470 ~ Immediate support: $2,940 – $3,000 ~ Loss of $2,940 increases downside risk ~ Next supports: $2,859 → $2,770 → $2,610 Structure & Patterns ~ Bullish RSI divergence present ~ Indicates seller exhaustion, supports bounce thesis ~ Higher-timeframe Cup & Handle still valid ~ Long-term bullish structure intact ~ Not actionable until range resolves upward ~ Mixed candlestick signals across timeframes ~ Reinforces chop and compression, not trend Derivatives Read ~ ETHUSD PERP Long/Short at 3.78 (≈79% longs) ~ Extremely crowded long positioning ~ Bullish bias, but elevated long-squeeze risk ~ Funding positive ~ Longs paying to hold ~ Confirms confidence, also confirms crowding Trader Read ~ Regime: Range / Compression ~ Bias: Slight bullish, but fragile ~ Best trades: Range lows to mid, not breakout chasing ~ Bullish confirmation only on daily close above $3,085 ~ Breakdown risk if $2,940 fails, expect momentum flush Bottom Line Ethereum is coiling, not trending. Momentum hints at upside, but structure demands confirmation. Trade levels, not narratives. Breakout or breakdown will define next impulse.