$ETH Update 🌂

We’re seeing it continue to lag relative to $BTC, with price still trading below VWAP and struggling to build acceptance above it.

The bounce from the ~2.8k–2.85k region looks responsive rather than impulsive, suggesting bids are present but conviction remains light.

Liquidity is clearly layered overhead, particularly through the ~3.05k–3.25k zone, which has capped upside attempts so far.

Until that area is reclaimed with acceptance, upside moves look more like rotations into supply than trend continuation.

On the downside, failure to hold the ~2.85k area likely opens the door for a deeper sweep into lower liquidity pockets.

For now, ETH remains in balance — reacting to levels, not leading.

Waiting for clarity rather than forcing trades here.