$ETH is still in a corrective structure, but the chart is starting to show a potential reversal zone.
Price has dropped heavily from the previous range, but it is now approaching a major daily demand area where buyers historically start reacting. The recent candles show pressure, but also exhaustion near the lower side of the move.
For bulls, the first confirmation will be a strong daily close back above the short-term resistance zone. Once $ETH reclaims that area, the current decline can quickly turn into a recovery setup.
This is not the place to ignore $ETH. Deep corrections often create the best long-term opportunities when structure starts shifting.
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