$ETH Hovers #Around $3,000 โ€” Bull Trap or Breakout Coming?

๐Ÿ’ธ Current Price: 3,000.44

๐Ÿ“ˆ 24h Change: -1.29%

๐Ÿ“Š 24h High: 3,068.33 | ๐Ÿ“‰ 24h Low: 2,932.46

๐Ÿ”„ 24h Volume: 661.3K (ETH), 1.98B (USDT)

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๐Ÿ“Š Technical Analysis (Chart Insight)

๐Ÿ“Œ Massive Recovery: From $2,111 to $3,083 โ€” ETH has gained over +40% in just the last 3 months (90-day gain: +86.42%).

๐Ÿ“Œ Short-Term Rejection: Price touched $3,083 and faced rejection, forming a potential lower high.

๐Ÿ“Œ Key Support: AVL Line sits at $2,973. If ETH holds above this level, bullish momentum could continue.

๐Ÿ“Œ Bearish Divergence?: Momentum slowing down on shorter timeframes โ€” watch for confirmation.

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๐Ÿ“ฐ Whatโ€™s Fueling This ETH Movement?

โœ… ETF Hype: Ethereum ETF approval rumors continue to float, especially after Bitcoin's ETF success.

โœ… On-Chain Activity Rising: L2 networks like Arbitrum, Optimism, and Base showing higher user volumes again.

โœ… ETH Locked in Staking: More than 32M ETH is currently staked โ€” reducing circulating supply.

โœ… Technical Optimism: Many traders watching $3,100โ€“$3,300 zone as ETHโ€™s breakout range.

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๐Ÿ”ฎ What Could Happen Next? (Not Financial Advice)

๐Ÿ“Œ If ETH breaks above $3,100 cleanly with volume, we could see a push toward $3,300โ€“$3,500.

๐Ÿ“Œ However, if it loses $2,973 support, we may retest the $2,850โ€“$2,800 zone.

๐Ÿ“Œ Market sentiment hinges on broader BTC strength + ETF confirmations.

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โš ๏ธ Final Thoughts:

ETH remains in a bullish macro structure, but near-term consolidation is possible.

A confirmed breakout above $3,100 could trigger a major altseason rally.

Eyes on ETH ETF news, staking flows, and whale activity.

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