Ethereum Price Compression Deepens as Analysts Debate if the Next Move Is a Rally or Breakdown

Ethereum (ETH) has entered another period of tight price compression, a phase that has left traders split between expectations of a renewed rally and concerns about a deeper correction. Related Reading: Dogecoin Holds Demand Zone Above $0.13, What A Bounce Would Do As of December 15, the Ethereum price trades near the $3,100 level, drifting sideways after several failed attempts to reclaim higher resistance zones. The narrowing range reflects hesitation across the market, with declining volumes, mixed technical signals, and contrasting institutional activity. Despite modest intraday fluctuations, Ethereum’s broader structure shows a market waiting for direction. Trading activity has slowed compared to earlier in the year, suggesting reduced speculative participation rather than heavy distribution. ETH’s price trends sideways on the daily chart. Source: ETHUSD on Tradingview The Ethereum Price Key Levels Define the Short-Term Outlook Support near the $3,020–$3,000 zone remains critical.