Ethereum is currently displaying classic bottoming behavior. After extended downside pressure, price action is stabilizing, suggesting a potential accumulation phase.
🔎 What We’re Seeing:
• Strong support holding despite multiple retests
• Sellers struggling to push price lower
• Gradual formation of higher lows
• Volume increasing near demand zones
When an asset can no longer be forced down, it usually signals absorption by larger players. This phase often precedes an upside expansion move.
Market cycles typically move in phases:
Accumulation → Expansion → Continuation
If bears fail to create new lows, momentum could shift aggressively in favor of bulls. Patience is key — smart money positions during accumulation, not during the breakout.