Ethereum is entering December with a renewed sense of momentum after climbing back above the 3,100 dollar region.
- Ethereum faces immediate resistance at 3,180 dollars and strong support near 2,800 dollars, where 2.60 million ETH were accumulated.
- Analysts highlight improving buyer behavior, with higher lows suggesting potential momentum toward 3,700 dollars.
- RSI recovery and a positive MACD crossover indicate strengthening bullish momentum after a prolonged downturn.
The recovery follows several weeks of heavy selling but now coincides with improving technical signals and strong on-chain buy zones that have begun to stabilize market sentiment.
Accumulation Zones Shape the Market’s Near-Term Landscape
Fresh cost-basis distribution data reveals that one of the largest clusters of holder positioning sits near 2,800 dollars. Roughly 2.60 million ETH were accumulated in this range, forming a structural support zone that has repeatedly absorbed sell pressure throughout the autumn downturn.
At the top end of the current range, 3,180 dollars continues to stand out as the dominant resistance level, framing Ethereum’s path between buyer confidence and overhead supply.
Analysts See Buyers Stepping In at Higher Levels
Market strategists are paying close attention to how price behaves around the 3,150–3,180 dollar zone. Michaël van de Poppe notes that buyers are “stepping in at higher grounds than last week,” a pattern he views as a constructive shift toward bullish continuation.
If this dynamic holds, he projects that Ethereum could be positioning for a move toward 3,700 dollars as the next major target zone.
I’d love to see $ETH hold this previous resistance zone as support.
What does that say?
Well, it does say that buyers are willing to be stepping in on higher grounds than last week and that would signal a potential rally to $3,700. pic.twitter.com/tWjrviMBZq
— Michaël van de Poppe (@CryptoMichNL) December 4, 2025
RSI and MACD Signal Strength After Weeks of Weakness
Indicators now reflect a market regaining traction. Ethereum’s Relative Strength Index has recovered to the mid-50s, signaling improving buy-side momentum.
Meanwhile, the MACD has flashed a bullish crossover after spending most of November in deep negative territory. These shifts typically occur early in recovery phases, hinting that the recent bounce may have broader legs if resistance breaks.
Can Ethereum Break Above $3,180?
For now, the market’s trajectory hinges on Ethereum’s ability to decisively clear the 3,180 dollar barrier. A breakout would open the door to a more extended rally, while rejection could push the price back into the support bands surrounding 2,800 dollars.
Two key levels to watch for Ethereum:
• $3,180 as resistance
• $2,800 as supportRoughly 2.60 million $ETH were accumulated at each level. pic.twitter.com/UcbfJsUMVX
— Ali (@ali_charts) December 4, 2025
With volatility heightened and macro uncertainty still in play, traders are watching these two levels as the defining markers of Ethereum’s December outlook.
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