$ETH
* **Step 1:** ETH has pulled back approximately 12% from its monthly local highs but continues to defend a crucial long-term ascending support line.
* **Step 2:** On-chain data indicates a severe tightening of liquid supply on exchanges as the percentage of ETH locked in validator staking hits new highs.
* **Step 3:** The current market structure forms a large consolidation wedge, indicating heavy accumulation by long-term spot buyers.
* **Step 4:** Holding the immediate structural support floor prevents deeper downside and sets a foundation for an eventual retest of the $3,800 region.#TrumpSaysIranDealLargelyNegotiated #BitcoinRisesOnIranPeaceDeal #RussiaExpandsMinerInfoRequirements #StablRDepegsAfterAttack #SuiGaslessStablecoinTransfers