ETH holders… relax — Ethereum at $3,034 isn’t a disaster, it’s a classic liquidity reset. 😌
Price was pushed from $3,223 down to $2,873 to flush late longs, trigger liquidations, and shake out weak hands. But ETH snapped back instantly and is now climbing again — a textbook accumulation bounce after a sweep.
$ETH RSI sits at a calm 52, perfectly neutral and ready for recovery.
MACD has flipped positive, showing early momentum building.
Price action printed a clean V-reversal from $2,873 and is now tightening right below the $3,086 resistance.
But some traders are still waiting for $2,700… while ETH already reclaimed its range. 😂
📉 “
$ETH is weak.”
Yet it keeps printing higher lows.
📦 “Momentum is gone.”
MACD literally turned upward.
💎 “No breakout incoming.”
ETH is holding above $3,000 with strength.
Ethereum isn’t falling — it’s recharging.
Most ETH rallies begin exactly like this:
flush → reclaim → slow build → breakout.
Once ETH pushes back into $3,086–$3,163, everyone will magically “predict the bounce.”
Discount phase is done.
Recovery phase is active. 🚀
$ETH FOLLOW TAHIR MEHMOOD.
#ETH #EthereumUpdate #CryptoMarket #AltcoinAnalysis