📢 #Etherum Market Analysis 📢
$ETH is currently trading back into a short-term support zone after facing rejection from the recent local high.
The bullish momentum has slowed down and price is now showing signs of stabilization around this area. Selling pressure appears to be weakening, which suggests the market is attempting to find balance after the pullback.
Structure-wise, this movement resembles previous consolidation phases that formed before continuation moves. If this support holds, we could see the start of an accumulation range and a potential push back toward the mid-range resistance levels.
This is a critical area for $ETH Either it builds a base here and recovers, or we see another downside leg toward lower support. Watching the reaction closely.
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