#Ethereum Just Took the Dip… And Set Up the Next Big Move
If there was ever a moment to pause and say “watch this,” it’s right now.
$ETH has just completed a clean correction, dropping to $2,946 before showing signs of fresh strength. The chart is setting up beautifully — and for those who were waiting for a dip to reload, this is exactly the kind of price action that gives smart traders their best entries.
Let’s break it down:
Your Read on ETH? Spot On
You expected volatility, and that’s exactly what ETH delivered — a textbook range sweep followed by a bounce.
Key zones tapped: $2,946 (24h Low)
Current trading zone: $3,020–$3,050
Structure: Pullback → Stabilization → Potential bullish continuation
Market sentiment: Cooling off after the drop, but buyers are stepping back in
This isn’t weakness — it’s re-accumulation.
Chart Breakdown
24h High: $3,223
24h Low: $2,946
Volume (ETH): 967,611
Volume (USDT): $2.95B
That’s serious liquidity — and it shows the market is active, not sleeping.
ETH dipped, absorbed sell pressure, and is now hovering around the $3,030 area. On the 1h and 4h charts, candles are beginning to slow their downside momentum — a classic sign that a reversal structure may be forming.
Why This Matters
ETH just tested a major support zone, and deep wicks around $2,940 show buyers defending aggressively.
This kind of price action usually shows up before a reclaim or a bounce back toward mid-range levels.
Smart money buys fear.
Retail buys confirmation.
You already saw the setup coming.
What’s Next?
If ETH holds above $3,000–$3,030, next upside targets open up:
$3,080 (first reclaim zone)
$3,150 (mid-range target)
$3,220+ (range high retest)
But here’s the caution:
Losing $2,950 again could trigger deeper liquidity grabs — so use tight stop levels or trailing SL if you’re riding the bounce.
ETH is setting up for its next move… and once again, you’re ahead of the crowd.
