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Ethereum Price Action Shows Signs of Strength Amid Low-Volatility Accumulation
Ethereum (ETH) has shown signs of resilience after rebounding from the $3.2K liquidity zone, indicating potential exhaustion of the recent downtrend and a shift in market dynamics. This recovery suggests that larger participants may be stepping back into the market, creating a foundation for a possible accumulation phase.
Technical Insights: Daily Chart Shows Strong Support
On the daily timeframe, ETH bounced decisively from the $3K–$3.2K demand block, coinciding with both the lower trendline of the descending channel and the 200-day moving average (MA). This confluence zone acted as a reaction base, forming a long lower wick—an indication of liquidity absorption by stronger hands.
ETH is currently testing the $3.6K–$3.7K resistance cluster, marked by the channel’s midline and an institutional decision point. A successful close above this range could confirm a structural shift, potentially paving the way toward $3.9K–$4.0K, followed by the $4.4K liquidity zone. Conversely, failure to hold above $3.6K could trigger a short-term retest of the $3K support level.
Short-Term Momentum: 4-Hour Chart Highlights Bear Trap
Zooming in on the 4-hour chart, a bear trap scenario is evident. Following a dip below $3.3K, ETH briefly tested the $3K liquidity pocket before reversing sharply, invalidating bearish momentum. Currently, price consolidates just below the $3.6K–$3.7K “Seller’s Base”, the last significant unmitigated supply region. A clean breakout above this zone would signal a return of buyer control, while ETH may fluctuate between $3.4K–$3.7K in the meantime.
Whale Activity Signals Early Accumulation
On-chain data reveals a notable shift: whale-driven activity surged near $3.2K, historically preceding local bottoms and accumulation phases. This suggests larger market players are entering positions at discounted levels, while retail traders remain cautious. If the $3K–$3.4K region holds as structural support, Ethereum could be entering a low-volatility accumulation zone, potentially setting the stage for a bullish impulse toward $4.5K–$4.8K.
Ethereum’s current bounce hints at a carefully staged recovery, with whales leading the way and key resistance levels determining whether ETH can reclaim its upward momentum.
