$ETH is showing quiet strength on the daily timeframe. After rejecting the $2,460 zone, price has formed a higher low structure and is now consolidating above the $2,275 support a key demand area holding firmly.

The recent candles reflect absorption of selling pressure, while the gradual bounce hints at accumulation rather than distribution. If ETH maintains this range and reclaims $2,340 with conviction, momentum could accelerate toward a fresh push into the $2,400+ region.

Overall structure remains bullish as long as higher lows are respected. This looks like a classic consolidation before expansion.