‍$ETH chart shows price consolidating around $2,948 after a pullback from mid-December highs near $3,400, with moving averages sloping downward (MA7 $2,971, MA25 $2,989, MA99 $3,057). Recent candles indicate weakening bearish momentum and potential support holding, though volume remains moderate. Short-term outlook leans toward a bounce if buyers step in, but failure to reclaim MAs could resume the downtrend, watch resistance overhead and recent lows.