ETH at $2203, down 2.5% daily amid record selling after 43% plunge, but up 7.3% weekly on $16B volume. Liquidity kingpin rules. #2 cap $266B, 55% off Aug '25 ATH $4946. Deep correction screams recovery setup. Post-Merge, circ supply matches total, issuance minimal despite uncapped max. Foundation's privacy leadership push bolsters DeFi/NFT edge. Dencun catalyst looms for efficiency gains. $2322 resistance; break ignites bounce to prior highs. Accumulate.

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