Ether Tests Support Near $2,900 as Analysts Flag Wyckoff Setup; Resistance at $3,300 and $3,600

Ether hovered around the $2,900–$2,950 area after a pullback from the mid-$3,300s, with two technical analysts highlighting the zone as a key support level. One analyst framed the move as a possible Wyckoff last point of support (LPS), while another flagged $3,300 and $3,600 as the next meaningful resistance bands. The price snapshot at the time of reporting hovered near $2,948 on Company Binance.

On social media, Mr. Bitcoinsensus shared a TradingView-style chart that traces a multi-year Wyckoff accumulation sequence. The annotated graphic shows classic Wyckoff phases — selling climax (SC), automatic rally (AR), and secondary test (ST) — then follows a prolonged trading range spanning 2022–2024. The chart identifies two zones labeled LPS, one in an early-2025 base and another just below $3,000, and projects a potential path toward a sign of strength (SOS) breakout and a climb above $5,000 if Ether can hold the current support and reclaim the upper boundary of the trading range.

Separately, Mr. That Martini Guy posted a daily ETH/USDT chart showing Ether trading near $2,950 after a rapid retreat from the ~$3,300 area. His annotations mark $3,300 as a primary resistance zone and a higher supply band near $3,600 where price historically stalled. On the downside, the graphic highlights support just above $2,900, currently under test, with a lower boundary around $2,800 if weakness continues.

From a practical trading perspective, this setup represents a classic range-bound decision point. Holding above the $2,900–$3,000 zone would likely keep Ether inside its established range and preserve the potential for a measured move back toward the $3,300–$3,600 resistance area. Conversely, a confirmed break and close below the $2,900 area could open a shift of market focus toward the next structural support near $2,800 and potentially lower targets indicated on the Wyckoff chart (including long-term trend support drawn near $1,300).

Risk management matters: traders should watch for clear confirmation signals rather than reacting to intraday noise. A convincing break above $3,300 on significant volume would increase the probability of a re-test of the $3,600 band and beyond. Alternatively, failure to defend the $2,900 area on elevated selling volume would justify tightening stops and reassessing position size.

In sum, the technical read from these chartists emphasizes the importance of the current zone as a near-term decision point. Market participants should monitor volume and price reaction around $2,900 and watch for reclaiming momentum above $3,300 to target higher resistance. Links to primary sources include X (social posts) and TradingView (original-style charts). Traders and analysts will be watching whether Ether can preserve the LPS and begin a sustainable leg higher or if sellers will force price toward lower structural supports.