🔥 $ETH Reality Check: Strong Chain, Weak Price — Here’s What Actually Matters 🔥
Ethereum isn’t breaking. The price is.
On-chain activity just printed near-record levels. Usage across DeFi, stablecoin transfers, and L2 settlement is strong. That tells me the network demand is real and growing.
But price action is saying something else in the short term. ETH failed hard near the $3,150–3,200 zone, formed a clear lower high, then lost the $3,000 level. That breakdown triggered liquidations and forced selling, driving price quickly to the $2,780–2,820 liquidity zone. This was a flush, not a crash.
The bounce since then has been weak. On the 4H chart, ETH keeps printing small candles with upper wicks just below $3,000. That means every push up is getting sold. Momentum is flat, buyers are cautious, and structure stays corrective.
Yes, there was a notable institutional buy — around 46k ETH — which shows demand exists. But so far it hasn’t been strong enough to flip the structure back bullish.
Here’s the clean setup now.
Below $3,000–3,020, ETH remains weak and range-bound.
Support sits at $2,880–2,900, with a bigger demand zone at $2,780–2,820.
A clean 4H close and hold above $3,020 is needed to open $3,100–3,200.
👉 Bottom line: the ETH network is healthy, but price is still in a flow-driven correction. This isn’t panic, and it’s not a chase either. Let structure confirm before picking sides.
$ZBT $ZEC #USGDPUpdate #TrumpTariffs #CPIWatch
