$ETH experienced a strong move toward the 3,013 resistance zone, followed by rejection and a sharp pullback. Selling pressure pushed price below short-term moving averages, showing temporary weakness and profit booking. The dip found support near 2,944, where buyers stepped in and formed a short-term bounce. Currently, price is attempting recovery but remains below key resistance around 2,985–3,000. Overall structure still looks volatile, with consolidation likely before the next directional move. A sustained hold above 3,000 could restore bullish momentum, while failure may lead to another retest of lower support zones. Traders should watch volume, MA alignment, and BTC sentiment for confirmation.

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