$ETH took a sharp hit from the 3177 peak and flushed straight into the 3000 zone where price finally paused. That level is acting as a decision point now. The selloff was fast but the follow-through slowed which suggests panic is fading. On the 1h chart candles are compressing near the lows instead of breaking down further. This looks like stabilization not continuation. If buyers defend this base a relief move can unfold.
Here is the revised setup from this chart.
Entry Point
3020 to 3000
Target Point
TP1 3095
TP2 3170
TP3 3250
Stop Loss
2960
The idea works because downside momentum has cooled after the flush and demand is starting to absorb pressure near support. As long as ETH holds above the 3000 zone the probability shifts toward a controlled bounce rather than further weakness.
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ETH
3,001.31
-2.53%
