$ETH is consolidating below the intraday resistance zone around 2,985–2,995 after multiple failed attempts to break higher.....................

The structure on the 30-minute timeframe shows weakening bullish momentum, with sellers defending the upper range................

This sideways movement looks like distribution rather than accumulation...........

As long as ETH remains below resistance, a pullback toward the lower demand zone is likely..............

Trade Setup

Entry: 2,975 – 2,990

Target 1: 2,965

Target 2: 2,955

Target 3: 2,948

Stop Loss: 3,005

ETH

2,976.31

-0.34%