$ETH A market uncertainty around $2840 is a gift. Do not ignore this consolidation! Smart money is quietly absorbing the supply, setting the stage for a 12-24% explosion in the next 1-6 weeks. The charts do not lie.

Signal: High conviction swing trade in ETH. On-chain data continues to show a reduction in ETH supply on exchanges, indicating long-term holding intentions and decreased immediate selling pressure, despite recent price action. This supply absorption aligns with ETH finding strong support in the $2800-$2850 range, forming a robust base for a potential rebound. Derivatives markets are showing renewed optimistic sentiment, with a growing preference for call options as demand for ETH at these lower prices increases. This confluence points to an imminent breakout from current levels. Target of 12-24% increase within 1-6 weeks, potentially reaching $3,180-$3,520 from the current approximate price of $2840.