- Ethereum rebounds from a $3,057 support block as bulls hold the critical $3K zone.
- Smart money accumulates over 323,000 ETH in two days, signaling renewed conviction.
- The $3,400–$3,900 resistance range remains vital for confirming a bullish reversal.
Ether is becoming more resilient since bulls are defending the $3,000 level, which is now becoming crucial following the recent drops. Although there was a weak performance in the short term, there are indications of big accumulation, which may indicate to the market that it is about to take another step to the upward direction.
Bulls Stand Firm at Key Support
Ethereum’s market structure has reached a defining point. Price action recently dipped toward the $3,057 order block — a level long identified as a potential turning point. Since then ETH has been recovering strongly, with strong evidence of buyers ready to maintain that position.
As of writing, Ethereum is trading at about $3,309.65, or some 3.75% lower in 24 hours. As analyst Crypto Patel reported, ETH is being kept at bay around the resistance in the range $3,800- $3,900 that is intersected by a downward trendline. That area continues to cap upward momentum until a clean breakout occurs.
Still, the defense of $3,000 marks a technical victory for bulls. Should this level continue to hold, Ethereum could shift from correction to recovery, possibly retesting the upper resistance channel. However, a sustained drop below $3,000 could expose the next demand areas at $2,800 and $2,500 — both viewed as secondary accumulation zones.
Smart Money Steps In as Retail Pulls Back
While traders express caution, data shows institutional and whale wallets are quietly buying. According to Crypto Patel, more than 323,523 ETH — about $1.12 billion — changed hands over just 48 hours. This accumulation took place during the latest downturn, implying that professional investors see value in current prices.
The pattern mirrors previous market cycles, where large holders absorbed supply as retail sentiment weakened. A nearly 47% decline in the 24-hour trading volume at $36.63 billion may indicate that the short-term sellers have become exhausted. Combined with these accumulation flows, this situation implies gradual repositioning, as opposed to panic selling. The aggregate supply of Ethereum is fixed at approximately 120.69 million coins. As EIP-1559 burns away parts of the transaction charges, total issuance is net deflationary in the long-run. This structural reduction adds weight to the bullish case once demand normalizes.
The Next Test Lies Above $3,900
The critical question now centers on whether Ethereum can sustain its rebound long enough to challenge upper resistance. Patel’s chart identifies $3,920 as the breakout level that could flip the market bias from cautious to optimistic. Until that happens, ETH remains range-bound within a wide consolidation structure.
At least in the meantime the battlefield is the $3,000 to 3,100 space. When the buyers retain the control, the momentum will slowly be restored towards the level of 3,400 and above. The accumulation of institutions provides a great base, but optimism must be proven by the market through increased highs to ensure that the market does not lose hope.
The Ethereum has been placed in the same way as the rest of the crypto sentiment: reservations but positive. The bulls are disciplined and appear to defend structures and not to run after rallies. Should the market be able to sustain itself under its present position and the volumes come back, the archetypes of a new bullish leg might be already forming inside the market.
