Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level

Ethereum has dropped over 10% in the past 24 hours due to global tensions and macroeconomic uncertainty, which has shaken investor confidence across markets. The decline comes amid rising US bond yields and escalating trade conflict rhetoric between major global powers, particularly the United States and China. Despite this, some analysts believe the dip could present an opportunity rather than a threat, as Ethereum is holding range support well even after the sharp decline. According to Pillows, ETH's ability to stay above critical support zones is a positive sign, with a potential breakout toward higher levels if it manages to reclaim momentum within the range. The coming weeks will likely be decisive for Ethereum and the broader altcoin market. If market volatility calms and Bitcoin continues to consolidate above $100K, Ethereum could lead the next leg up, opening the door for a strong altseason. Ethereum is showing resilience despite heightened macro uncertainty and political tensions, and has managed to defend key support levels, with bulls stepping in near the $2,400 zone. The recovery comes at a time when the crypto market is on edge, reacting to broader financial market volatility and shifting sentiment across global assets. Ethereum remains approximately 48% below its all-time high, leaving substantial upside potential if momentum continues to build.