ETH Price Analysis: Ethereum Coils Below $3,600 Resistance

Ethereum’s been holding steady above critical support around $2,600–$2,800, and right now it’s coiling up in a tight range. Price action is getting squeezed between rising trendlines and that stubborn overhead resistance. What we’re seeing is a classic compression pattern – buyers keep stepping in at support while the resistance zone shows signs of weakening with each test.

The $3,600 level keeps getting poked at, but ETH hasn’t managed to punch through yet. What’s interesting though is that the lows keep getting higher since November, which tells you the selling pressure is fading. Volume’s starting to pick up too, and that’s usually what happens right before things get interesting. Still, we’re stuck below resistance for now, so no breakout confirmation just yet.

“ETH is currently coiling, with price action compressing between rising short-term trendlines and overhead resistance.”

Technically speaking, that green support zone has been doing its job perfectly – multiple attempts to break it down have failed. Each failed breakdown makes the support stronger. On the flip side, resistance is getting tested over and over, which typically means sellers are running out of steam. If Ethereum finally clears $3,600 with conviction, we’re looking at a structural change that could open the door to much higher levels.

Why does this matter beyond just ETH? Because Ethereum tends to set the tone for the broader crypto market. When ETH makes a decisive move, altcoins often follow. A clean breakout above resistance would likely trigger fresh momentum across the board, while another rejection would keep everything range-bound. Either way, this compression can’t last forever – something’s gotta give.

My Take: This setup screams “loaded spring” to me. The longer price compresses between support and resistance, the bigger the eventual move tends to be. Watch that $3,600 level closely with volume confirmation – that’s your signal.

Source: Haider