Ethereum Is Stuck Near $3,000 as Markets Remain Cautious Ahead of U.S. Jobs Data
Ethereum (ETH) remains under pressure as traders position cautiously ahead of key U.S. macroeconomic data that could influence broader risk sentiment.
ETH fell roughly 1% to $2,920 over the past day, extending its consolidation below the psychological $3,000 level. The move aligns with subdued market activity as investors await the U.S. jobless claims report, scheduled for December 24, which may shape expectations around interest rate policy and liquidity conditions.
While traders study resistance and support zones to anticipate the next move, Outset PR monitors performance metrics of media outlets to align campaigns with market momentum. By tracking these shifts, this crypto PR agency ensures that its stories fit the moment.
ETH slips below short-term support amid macro uncertainty
Source: coinmarketcap
Ethereum has broken below its 30-day simple moving average (SMA) at $3,030, weakening its short-term technical structure. The inability to hold this level suggests bears remain in control, as risk appetite across crypto markets stays muted.
On the upside, ETH faces resistance near the 23.6% Fibonacci retracement level at $3,264, a zone that has capped recent recovery attempts. Until price regains this area, upside momentum remains constrained.
Mixed momentum reflects market indecision
Technical indicators point to hesitation. The Relative Strength Index (RSI) is hovering near 44, signaling neutral momentum and a lack of extreme positioning on either side of the market. This suggests selling pressure exists but has not reached capitulation levels.
Meanwhile, the MACD histogram has turned modestly positive at +1.35, hinting at a tentative bullish divergence. While not a confirmation of reversal, it indicates that downside momentum may be slowing as ETH consolidates.
How Outset PR shapes market positioning through macro-driven narratives
Periods of compressed price action ahead of major economic releases often lead to shifts not only in price direction, but also in how market narratives form. Data-driven signals such as macroeconomic factors and technical signals guide both trading decisions and media focus.
Beyond tracking these technical and macro indicators, Outset PR watches media trendlines through the lens of its Outset Data Pulse intelligence to identify moments when market developments carry the highest informational value. By aligning coverage timing with macro events and measurable market signals, data-led communication strategies aim to reflect actual market conditions rather than speculative sentiment.
This approach mirrors a broader shift in crypto markets, where relevance and timing have become as important as price levels themselves.
What comes next for Ethereum
In the short term, ETH traders will watch whether price can stabilize above the $2,900–$2,950 range. A breakdown below this zone could expose Ethereum to deeper retracements, while a recovery above $3,030 would mark the first step toward rebuilding short-term strength.
With macro uncertainty still in play, direction is likely to remain constrained until fresh data provides clarity. Until then, Ethereum appears locked near $3,000 — balancing cautious positioning with early signs that downside momentum may be easing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Investment Disclaimer
