Eseandre Mordi
⬤ Ethereum (ETH) is putting together a pretty solid base after bouncing hard off that $2,700–$2,900 demand zone. The daily chart shows ETH catching a bid from those macro lows before settling into consolidation mode. This price action backs the idea that Ethereum's building something real here, not just catching a dead cat bounce.
⬤ Since that November low, we've been seeing higher lows stack up—exactly what you want to see when a trend's gaining legs. Each pullback gets bought faster than the last one, which means buyers are stepping in at better and better levels. ETH recently pushed back toward $3,300, reclaiming old support while staying well under that massive resistance zone sitting around $4,800.
⬤ What's interesting is how ETH's compressing under resistance instead of getting slapped down hard. This kind of tight consolidation usually means buyers and sellers are in balance, with supply getting absorbed quietly without triggering any real selling pressure. Volume spiked during that initial bounce from demand, then cooled off as price moved sideways—classic pattern when a structure's rebuilding rather than topping out.
⬤ This phase matters because when an asset holds above macro support while printing higher lows, it starts shifting market expectations. ETH doesn't need to rip higher right now to keep this structure healthy. As long as it keeps defending support and consolidating under resistance without breaking down, that's enough to keep sentiment leaning bullish—especially if buyers keep showing up fast whenever price dips.
Eseandre Mordi
