$ETH ‌ETH is trading around 2,946 after a strong recovery from the 2,888 low. Price is moving above short-term averages, showing buyers are still active, but momentum has slowed near the recent high.

Indicator check
Moving Averages: Price is holding around MA support → short-term trend still stable.
RSI: Sitting near the middle → balanced market, no exhaustion yet.
MACD: Slight bullish momentum, but not aggressive.
Volume: Cooling down after the push → normal consolidation phase.
Short-term outlook (1H–4H) If ETH stays above 2,930–2,940, a retest of 2,980–3,000 is possible.
A break below 2,920 may lead to another check of the 2,880–2,900 demand zone.
Higher timeframe view On the broader view, ETH is building a base. Sideways movement here could set up the next move rather than signal weakness.
This is my personal market opinion, not financial advice. Trade with your own risk management.