$ETH /USDT is tightening — and that usually precedes a sharp move.

Price is hovering near 2,933 after rejecting the 2,988 intraday high. The pullback has been controlled, not impulsive, keeping the structure range-bullish on the lower timeframe.

Ethereum is currently rotating inside a well-defined box, with buyers consistently defending dips near 2,920–2,900. Each sell-off is being met with demand, producing long lower wicks — a classic sign of absorption.

Key levels to watch

Major support: 2,920 → 2,900

Mid support: 2,925

Immediate resistance: 2,960 → 2,988

Breakout trigger: Strong acceptance above 3,000

Upside targets: 3,050 → 3,120

Invalidation: Sustained move below 2,900

Market behavior

Sideways consolidation after an impulsive move up

No lower low formed, structure remains intact

Volume stable, no aggressive distribution visible

Bias Neutral-to-bullish while above 2,900. A clean reclaim of 2,960 can quickly flip momentum and open the path toward 3K+.

ETH isn’t weak — it’s coiling.

And coils don’t stay quiet for long.

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