Ethereum's price action remains range-bound and indecisive, trading around $2,940-$2,947 on major exchanges as of late December 2025. Analysts from More Crypto Online and Ted Pillows highlight that ETH is "stuck in a range" with no clear breakout direction, suggesting major volatility may be delayed until 2026.
The weekly chart reveals critical technical levels that will determine Ethereum's next major move. Key support zones are identified at $2,618, $2,252, and $1,818, which represent important Fibonacci retracement levels. On the upside, a significant resistance cluster sits between $3,348 and $4,619. According to More Crypto Online, the market's reaction at this upper resistance zone in 2026 will decide which larger structural scenario takes control.
Market concerns are intensifying amid speculation about a potential descending triangle pattern that could push Ethereum's price below $2,800. However, blockchain expert Alex Tapscott notes that "the current market speculation surrounding Ethereum lacks confirmed data, leading to increased volatility and caution among traders." No official confirmation of this pattern exists from Ethereum's leadership, including founder Vitalik Buterin, and exchanges have not corroborated these technical claims.
Analysts emphasize that probabilities will only shift when price action confirms behavior at these major zones. Both primary scenarios—bullish breakout or bearish continuation—remain structurally valid. The current setup primarily defines conditions that could guide Ethereum's next significant move as the market approaches 2026, with traders watching for a break above resistance or below support to determine the longer-term trend direction.
