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
source: https://www.newsbtc.com/news/ethereum/ethereum-price-compression-deepens-as-analysts-debate-if-the-next-move-is-a-rally-or-breakdown/