$ETH has been lingering around $2,941. The past day shows a small dip of 0.53%, and it feels like the $3,000 mark is putting up a quiet barrier.
Price has been moving between $2,847 and $2,910, creating a sense of consolidation that is both frustrating and intriguing.
From my perspective, the market is cautious. Outflows from Ethereum ETFs and slightly bearish whale positions hint at hesitation.
Yet, accumulation addresses are at record highs, and top traders seem quietly confident with net buying activity.
Upcoming network upgrades like "Glamsterdam" and "Hegota" add a layer of longer-term optimism, while regulatory clarity provides a subtle structural support for institutional interest.
While short-term momentum feels muted, I sense there is space for measured recovery if the market absorbs recent pressure.
Observing these swings reminds me to stay patient and respect the rhythm of $ETH
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