Saad Ullah
⬤ Ethereum showed early signs of stabilization after a prolonged sequence of lower highs, with the latest bounce forming a potential higher low on the short-term chart. The focus is now on whether ETH can reclaim the 3060 level, a key price point that would confirm a structure break and validate the first meaningful higher high in days. The chart illustrates this shift clearly, marking the transition from a downtrend toward a possible bullish reversal.
⬤ The image highlights multiple lower highs during the recent decline, followed by a sharp rebound that interrupted this pattern. Price action has now recovered into the 3030 region, but remains just below the level that bulls must reclaim to establish a new trend. The projected path on the chart outlines a potential sequence of a higher high, followed by a higher low, that could set the stage for continuation toward higher prices if momentum strengthens.
⬤ Ethereum's ability to regain 3060 is significant because this level serves as an established resistance and a structural pivot following recent volatility. A confirmed breakout above it would represent a clear shift in short-term sentiment and indicate that buyers are regaining control after a period of weakness.
⬤ This matters because ETH is a major driver of broader market behavior, especially across altcoins closely tied to its price movements. A successful break of the current structure could mark the beginning of a short-term recovery phase, influencing liquidity flows, risk appetite, and the overall direction of the crypto market.
Saad Ullah
