$ETH just printed one of its strongest daily pullbacks in weeks — but it’s not all bad news.
Price: $3,497
24h change: -3.8%
High: $3,675 | Low: $3,431
What’s happening?
After tagging $3,941, #ETH got rejected at local highs.
Sharp drop straight to the 25-day MA ($3,470) — which it held cleanly.
MA(99) still far below at $2,679, showing long-term trend remains intact.
High volume candle — suggesting profit-taking more than panic.
This type of flush usually clears out weak hands. If ETH holds above the $3,450–$3,470 zone, the next bounce could be strong.
Bulls need to reclaim $3,700 quickly though — or we risk deeper correction.
Either way, this zone is where smart money often reloads.
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