ETH is currently trading around $2,9xx, sitting right in the major demand zone highlighted on the chart (≈ $1,900–$2,200 range). This zone previously acted as a strong accumulation base, from where ETH exploded to $4,900+.
🔍 Key Observations:
Price has already respected this box once ✅
Current pullback looks corrective, not bearish
As long as ETH holds above this range, the structure remains bullish
🎯 Expectation (based on structure):
Short-term volatility possible inside the box
Once demand absorbs selling → strong upside continuation
Break above recent highs can open path toward $4,300 – $5,000+ 📈
🧠 Conclusion: This looks like a classic high-timeframe accumulation → expansion setup. Patience here can be rewarding.
$PIPPIN got hard rejected near 0.415, a major resistance zone. After the earlier pump, price failed to hold above 0.40, and momentum is clearly fading.
🔍 What’s happening?
Lower highs forming 📉
RSI turning down → bearish divergence
Volume drying up → buyers losing strength All signs now favor a short continuation.
🧠 Thesis: Bulls couldn’t defend the EMA reclaim. Sellers stepped back in at resistance, and momentum is shifting bearish. A support crack can accelerate the dump.