The vertical pump from the 3120 area up to 3360 is not just an arbitrary pull, but rather a whale testing the supply before making a big move. After that pump, ETH did not sell off strongly but maintained a steady rhythm around 3330, indicating that buying pressure is very solid. This is a very familiar behavior: strong pump, slight absorption, then open the range for the second time.
The 30m frame is currently showing that ETH is forming a new higher low after a slight retest, and the 3280 area is acting as the support for the capital flow. If ETH breaks through 3380 again, the 3450 area will be tested very quickly. The rotation smell from BTC to ETH is very clear. The silent capital flow is strongly leaning towards the top altcap, and ETH is often the first runner in this cycle.
