Most traders are waiting for confirmation but $ETH is already sitting in a key demand zone after the recent pullback.
What’s interesting is how sentiment flipped so fast. A few days ago the market was expecting deeper downside but now the conversation is shifting towards a possible continuation if this level holds. This is where smart money usually starts positioning quietly while retail waits for breakout confirmation.
With the AI and RWA narrative slowly gaining attention in 2026 it feels like utility driven ecosystems might outperform pure hype cycles this time around. Ethereum still sits at the center of most real use cases from DeFi to tokenization which makes every dip a potential opportunity rather than just another correction.
The question now is whether this demand zone becomes the base for the next move or just a temporary relief before another leg down.
Do you think $ETH
holds this level or are we seeing another liquidity trap forming?