$ETH is setting up for something big, and I’m watching this level closely.
After weeks of pressure, we’re finally seeing strength return. Price has reclaimed the 100-day SMA, which is often a key trend signal. I’m seeing a clean shift where old resistance is now acting like support, and that’s exactly what strong markets do before a move higher. They’re building confidence step by step.
The system behind this setup is simple: structure + momentum + demand. Structure comes from the higher lows forming, momentum from the reclaim, and demand is clearly visible with ETFs stepping back in. They’re accumulating again, and that changes the game.
The purpose here isn’t just a short-term bounce. It’s about building a base for the next expansion phase. Markets don’t move randomly—they move when pressure builds and then releases.
Right now, everything comes down to holding above $2,300. If they defend this zone, it confirms strength.
And once that happens, I’m expecting the next leg up to unfold fast.