$ETH is quietly rebuilding strength after a sharp emotional move.
Price dropped hard from the 3,440 area and flushed down into 3,024, where buyers stepped in without hesitation. That bounce was strong and clean, showing real demand at lower levels. It didn’t feel forced. It felt prepared.
Right now, ETH is trading around 3,130, holding above the recovery zone. The candles are getting tighter, and volatility is calming down. This usually means the market is done panicking and is starting to think again.
The 3,020–3,050 zone is the key support. As long as ETH stays above this area, the structure remains healthy. Buyers clearly defended it once, and that level now carries weight.
On the upside, 3,180 is the first level to watch. A clean move above it can open the path toward 3,280, and if momentum really returns, the bigger resistance sits near 3,440, where the last rejection happened.
Volume tells a simple story. Heavy selling on the drop, lighter action during consolidation. That often means weak hands are gone, and stronger players are slowly positioning.
This looks less like weakness and more like ETH resetting after shaking emotions out. Strong trends don’t move in straight lines. Sometimes they paue, breathe, and then continue when most people stop paying attention.
