$ETH took a sharp hit from the $3,440 area and flushed straight into the $3,040 demand zone. That move wiped out weak longs and reset momentum. What matters now is structure. ETH defended the lower range and is stabilizing above $3,100. This is not panic buying, it is controlled accumulation after a clean shakeout. If buyers keep defending this zone, ETH can grind higher again.
EP: $3,080 – $3,120
TP: $3,180 / $3,260 / $3,380
SL: $3,020
