$ETH USDC Perp | Momentum Expansion in Play

ETH just ripped from the 2,770 base and reclaimed all key short-term averages on the 15m chart in one clean impulse. The move sliced through MA25 and MA99 with strong volume, confirming a momentum shift after a prolonged compression phase.

Price is now consolidating just below the 2,935 intraday high. This pause looks constructive, not distributive. As long as ETH holds above reclaimed structure, buyers remain in control.

Key levels

Support: 2,870 then 2,835

Immediate resistance: 2,935

Upside continuation zones: 2,980 → 3,020

Invalidation: sustained loss of 2,835

Structure is bullish with higher lows in place. Acceptance above 2,935 opens the path for the next leg higher.

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