$ETH is holding its ground and the chart looks calm but meaningful right now.

After a strong recovery from the 2,900 zone ETH pushed hard and printed a high near 3,447. That move showed clear buyer strength and confidence in the market. Instead of crashing from the top price moved into a healthy pullback which is what strong trends usually do.

Currently $ETH is trading around 3,120 and moving sideways. This area looks like a short term consolidation zone where the market is taking a breath. Sellers are not aggressive, and buyers are quietly defending the price.

The 3,000 to 3,050 zone is a key support to watch. As long as ETH stays above it, the overall structure remains bullish. On the upside, 3,230 is the first important resistance. A strong break above this level can bring momentum back toward 3,350 and higher.

Volume is stable and price action looks controlled. This does not feel like weakness. It feels like preparation. $ETH often moves fast after periods like this and patience usually pays here.

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