$ETH is trading around $2,930 and the chart reads like mild weakness without capitulation. Sellers are leaning on price, but the tape hasn’t fully cracked. The important defended zone is $2,900–$2,910, where buyers need to keep stepping in to prevent ETH from sliding into a deeper reset.

Right now ETH is stuck in consolidation near $2,920–$2,945, basically grinding sideways with soft momentum. This is one of those moments where the market is testing conviction. If buyers are serious, they reclaim the upper band of this range and force sellers to cover. If not, price accepts lower and the structure weakens fast.

Resistance targets sit at $2,960–$2,985 first, then $3,020 if momentum expansion returns. Bias is neutral to slightly bearish until ETH starts printing higher highs again.

Caution level is below $2,890. Acceptance under that level signals sellers are gaining control and increases the odds of continuation lower. Educational read only.

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