ETH trend turns corrective; $3,500 resistance and $2,700 demand define next moves

Ethereum remains range bound after failing to hold an early‑month push above the mid‑$3,000s, with price oscillating between demand near $2,700 and supply closer to $3,500 while the 100‑ and 200‑day moving averages cap upside. According to the Coinbase Premium Index, recent sustained negative readings show a discount on Coinbase versus Binance, underscoring cautious U.S. spot flows.