Ethereum’s $2,800–$3,000 Zone Emerges as Critical Support

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ETH order book heatmap. Source: Kriptoholder

Ethereum’s price action is increasingly centered around the $2,800–$3,000 range, a zone many analysts view as its last major support.

Onchain cost-basis data shows investors accumulated nearly 9 million ETH in this band over the past six months, forming a potential demand floor. Order book data also indicates strong whale buying between $2,800 and $2,850, with additional buy walls clustered near $2,500–$2,600.

This region aligns with Ethereum’s 50-week moving average and the lower boundary of a developing bear flag pattern. Market participants say a sustained hold above this area could allow for a rebound.

Failure to defend this zone, however, could expose ETH to deeper downside levels in the weeks ahead.

[bonk]

50-week moving average lining up with strong buy zones gives bulls a clear area to defend. structured support is nice