$ETH is still in a short-term corrective structure after rejecting the 3,000–3,080 supply zone. The move down from ~3,078 confirms sellers remain active, and the 1H trend is still weak.

2,900–2,910 is the key level to watch. Buyers defended it once, and price is trying to stabilize above it. As long as ETH holds this zone, a relief bounce is possible—but structure only improves if ETH reclaims 2,980–3,000.

Bull case: Hold above 2,900 and break 2,980–3,000 → push toward 3,030–3,080.

Bear case: Lose 2,900 → continuation toward 2,860–2,820.

Trade idea:

• Long near 2,900–2,915, invalidation < 2,880, targets 2,970–3,020

• Short rejection at 2,980–3,020, invalidation > 3,080

ETH is at a decision zone—wait for confirmation, don’t chase.