Investing in ETHUSD with $2,700–$2,800 range on horizon

ETHUSD has been moving sideways for two months, bounded by resistance near $3,350 and support in the $2,700–$2,800 range. At the start of the week, prices were around the lower limit ($2,800). This level has already triggered multiple rebounds, with the latest one slowing down close to $3,000, presenting favorable opportunities to buy Ethereum. Potential profits could be taken at $3,250.

Meanwhile, the Relative Strength Index (RSI) is currently approaching oversold territory, hinting at the ETH’s further advance. The price is underpinned by the aforementioned range between $2,700 and $2,800, along with additional support at the lower Bollinger Band, located near these levels. The $3,250 resistance may not be unbreakable for the current uptrend. Ethereum has every chance to touch the upper boundary of the flat channel ($3,350). However, the 200-day moving average is likely to cap the rally, sending quotes back to support.

ETHUSD and the broader crypto market are now completely overshadowed by precious metals. A weaker US dollar typically favors digital assets, but this time gold and silver stole the show. A major share of speculative capital is attracted to them, leaving tokens in the backyards. ETH is unlikely to show significant growth. Nevertheless, current levels may present a great opportunity for long-term holders.

In particular, Bitmine Immersion Technologies now holds 4.24 million ETH—3.52% of the total market supply. Since early 2026, the number of active network wallets has skyrocketed to 175.5 million (+5.16 million), indicating that Ethereum demand remains steady, with major players making cautious purchases in anticipation of the price’s breakout from the flat channel. This strategy has repeatedly proven to be profitable in the long run.

Consider the trading plan presented below:

Buy ETHUSD at the current level, with Take profit at $3,250 and Stop loss at $2,800.