$ETH is cooling down on the 4H timeframe after a strong recovery move.

Price pulled back from the 3,020–3,050 zone and is now trading near 2,930. The rejection from the top came with moderate selling, showing profit taking rather than panic.

The 2,900 area is acting as an important short term support. Buyers have defended this level before, and as long as $ETH holds above it, the overall structure remains stable.

A strong hold here can lead to another attempt toward 3,000 and above. If support breaks, the next demand zone sits near 2,780–2,800, where buyers previously stepped in with force.

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