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$ETH (1D)
ETH is trading around $2,983 and basically sitting on a major demand band (shaded zone).
This zone is the line between:
“ETH is resetting for another leg” vs
“ETH is just bouncing because it’s allowed to breathe today.”
My read: ETH looks like it’s trying to defend the floor, but it still needs follow-through (higher highs) to stop feeling like a relief rally.