$ETH /USDT just went through a sharp volatility shakeout. Price is trading near 3,103 after a heavy sell-off from the 3,260 zone, marking a clean -4.3% move on the day. Sellers slammed the market fast, but buyers reacted immediately near 3,045, forming a clear intraday demand base.
The bounce was strong enough to reclaim 3,100, showing that dip buyers are active, not panicking. However, momentum is still fragile. The lower high structure on the 1H chart suggests ETH is in recovery mode, not full trend continuation yet.
Key levels to watch: Support remains firm at 3,045–3,080. As long as this zone holds, downside risk stays controlled. Immediate resistance sits near 3,130–3,180. A reclaim could open the door back toward 3,220+. Failure to hold 3,045 would expose deeper liquidity below.
Volume expanded during the dump, signaling forced selling rather than slow distribution. Now the market is deciding whether this was a reset or the start of a larger correction. Volatility is high, emotions are high, and ETH is at a decision point. Traders should stay sharp.
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