$ETH is reacting strongly from the 2,600–2,700 demand zone after completing a deep corrective leg from the 4,000+ highs. On the daily chart, $ETH has printed a clear higher low and is attempting to reclaim the 3,000 psychological level, signaling early trend stabilization.
The recent sell-off failed to break macro structure, suggesting this move was corrective rather than a full trend reversal. Current price action shows buyers stepping in aggressively after capitulation-style candles, hinting at accumulation. Holding above 2,800 keeps the recovery structure intact.
A daily close above 3,200 would confirm bullish continuation and open upside toward 3,500 and 3,800. Failure to hold demand exposes a final sweep toward 2,400 before expansion.
