#ETHTrendWatch Ethereum (ETH) Technical & Market Update — 16 Dec 2025

Ethereum is experiencing notable volatility today as broader market pressure intensifies. On December 16, 2025, ETH saw a significant pullback, trading lower amid forced liquidations across the crypto sector, with prices dipping below key psychological levels as risk sentiment weakened. Currently, ETH is trading in the $2,900–$2,930 range, reflecting the recent downside movement.
From a technical standpoint, key momentum indicators suggest short-term bearish pressure. The 14-day RSI sits around 35, indicating that ETH is approaching oversold conditions. The MACD shows a negative reading, highlighting dominant selling momentum, while shorter-term stochastics and momentum indicators display mixed signals with low-range activity. Moving averages across short and long-term periods (MA5, MA10, MA20, MA50, MA100, MA200) largely signal sell conditions, with very few buy signals across major timeframes.
Classic pivot analysis shows the main pivot at approximately 2,930, with immediate support levels near 2,906 and 2,914, and resistance clustered around 2,939, 2,947, and 2,955. These levels indicate a tight trading range, with overhead resistance near 2,940 acting as a key barrier. A decisive break below support could invite further downward movement, while a reclaim above resistance may ease selling pressure.
From a market interpretation perspective, ETH is under continued bearish pressure, primarily driven by amplified selling in the wider crypto market. The RSI approaching the low 30s suggests the potential for a short-term relief bounce, but the MACD and moving averages still favor the downside, indicating short-term weakness rather than a confirmed trend reversal.
Traders are closely watching bearish drivers such as forced liquidations in the broader crypto sector and technical sell signals across key moving averages and momentum indicators. Potential bullish triggers include oversold RSI conditions that may attract dip buying, as well as any macro or fundamental catalysts, such as increased network activity or upgrade announcements, that could shift market sentiment.
Key levels to monitor: immediate support near 2,900, first resistance around 2,940, and further resistance at 2,955 or higher for upside validation. If RSI dips below 30, it may signal stronger oversold bounce potential.
In summary, Ethereum’s current trend remains bearish in the short term, with descending momentum and negative moving average alignment reflecting recent sell-offs. However, oversold indicators suggest the possibility of relief rallies if support holds. Traders should combine price action with volatility and volume confirmations before making positioning decisions.