$ETH UPDATE $ETH

Ethereum has been range-bound for nearly a month, consolidating within a tight structure. The positive takeaway is that it's been consistently holding the daily support level — a sign of strength.

On the lower timeframes (LTF), what we now need is a clean breakout and flip of the $2,680 region. If this level is reclaimed and confirmed as support, it opens the door for bullish continuation.

The grey box marks the key supply zone — this is where sellers have repeatedly stepped in, capping price advances. Once we see a decisive flip of this zone, $3,030 becomes the next clear target.

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