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ETH shows a strong recovery after clearing sell-side liquidity near $3,026, where buyers stepped in decisively. The reaction from that level wasn’t weak or hesitant it was impulsive, signaling real demand rather than short covering.
After the push, price moved into the $3,170–3,180 zone, which is now acting as short-term resistance. The current pullback is controlled and shallow, suggesting consolidation instead of distribution. Sellers are present, but they lack follow-through.
As long as ETH holds above $3,080–3,100, the structure remains constructive. Acceptance above $3,180 would likely open the door for continuation toward the $3,250–3,300 region.
A loss of support would shift ETH back into range behavior, but for now momentum favors buyers.
ETH is transitioning from recovery to continuation patience is key here.