$ETH remains under pressure after a sharp impulsive sell-off, signaling that bearish control is still intact. The current price action shows a slow corrective pullback rather than a true reversal, with ETH moving toward a well-defined supply zone between $3,150–$3,165. This area is expected to act as strong resistance, as the overall structure and trendline continue to point lower. Liquidity remains stacked below current price, particularly around $3,030–$3,000, suggesting downside targets are still active. Unless ETH can reclaim and hold above the supply zone, the bias stays bearish, with potential continuation toward $3,080, $3,045, and ultimately the $3,000 liquidity pocket.
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$ETH remains under pressure after a sharp impulsive sell-off, signaling that bearish control is still intact. The current price action shows a slow corrective pullback rather than a true reversal, with ETH moving toward a well-defined supply zone between $3,150–$3,165. This area is expected to act as strong resistance, as the overall structure and trendline continue to point lower. Liquidity remains stacked below current price, particularly around $3,030–$3,000, suggesting downside targets are still active. Unless ETH can reclaim and hold above the supply zone, the bias stays bearish, with potential continuation toward $3,080, $3,045, and ultimately the $3,000 liquidity pocket.