After a brutal market cycle, Ethereum is no longer in freefall. Instead, we are witnessing a textbook "structural reset." $ETH is currently carving out a rock-solid foundation in the $2,900 – $3,000 zone, signaling that the worst of the selling pressure may be behind us. 🛡️
📊 The Technical Blueprint: Accumulation Over Speculation
The current price action isn't about "moon shots"—it's about stability. Here’s what the charts are telling us:
Higher Lows: Despite recent volatility, ETH continues to respect higher support levels. This is a classic sign of a "generational bottom" where smart money absorbs panic-selling. 📈
Compression Zone: We are seeing price compression on the daily chart. Historically, when volatility shrinks near major psychological levels like $3,000, a powerful expansion follows.
Volume Normalization: The "panic volume" has faded, replaced by steady, controlled accumulation. 🧘♂️
🧱 Building the Launchpad
Ethereum is doing exactly what it needs to do after a deep correction: building a base. > "Solid consolidation is the prerequisite for a sustainable long-term trend." If $ETH can confirm a breakout and hold above the $3,200 – $3,300 resistance cluster, it will signal that the recovery phase is complete, potentially turning ETH from a market laggard into a market leader. 🏎️💨
🎯 Key Levels to Watch:
Immediate Support: $2,950 (The "Line in the Sand")
Major Resistance: $3,300 (The Breakout Trigger)
Mid-Term Target: $3,500+ once structural integrity is confirmed.
💬 Community Poll:
Are you accumulating at these levels, or are you waiting for a final sweep of the $2,800 lows? Let’s discuss below! 👇
