#ETHTrendWatch ETH is not dumping or pumping; it is positioning. After completing its decline within a clear descending channel, ETH shifted into a controlled consolidation phase rather than panic selling. This reflects liquidity rebalancing, not weakness.
Market structure breakdown:
• Initial phase: Inclined downtrend flushed out weak hands, depleting liquidity.
• Current phase: Range-bound consolidation between 3,080 and 3,150.
• Present condition: Price pressing against the upper range boundary.
This structure signals a decision zone, not indecision.
📌 Key levels to respect:
3,150 – 3,160: