Alex Dudov
⬤ Ethereum's hanging out in consolidation mode after months of getting beaten down, with price holding steady near the $2,900–$3,000 range. ETH's doing exactly what you'd expect after a brutal cycle—building a base instead of forcing some aggressive bounce. The daily chart shows price compressing inside a well-defined zone, telling us the market's shifting into structural recovery mode.
⬤ The chart points to a broad "generational bottom" area where all that selling pressure finally got absorbed. Instead of some dramatic V-shaped reversal, Ethereum's been putting in higher lows, which means the price structure's actually improving. Multiple bounces in the same range show traders are starting to agree on value here, though there's still resistance sitting near the upper end of consolidation around $3,200–$3,300.
⬤ From a technical standpoint, Ethereum's slow reclaim of previous value zones shows market behavior's changing. Each pullback has respected higher support levels, backing up the idea that we're seeing controlled accumulation rather than wild speculation. Trading volume's normalized compared to those panic-selling phases earlier, supporting the view that ETH's moving from distribution into something more balanced.
⬤ This base-building matters for the bigger market picture since solid consolidation usually comes before longer-term trends develop. If ETH can confirm acceptance above this current range, it'd signal the structural reset's complete and open the door for Ethereum to shift from lagging behind to potentially leading the market. Until that happens, range-bound trading and structural integrity remain the main factors shaping ETH's outlook.
Alex Dudov
