Today, Ethereum (ETH) is showing signs of a recovery, trading around $2,925, up roughly 4-5% from yesterday’s lows. After a sharp 16% correction triggered by a "bull trap" near $3,400, the sentiment is shifting back to cautious optimism. The network remains fundamentally strong, supported by rising RWA (Real-World Asset) tokenization—now exceeding $12 billion—and consistent ETF inflows from institutional giants like Morgan Stanley. Technically, ETH is forming a double-bottom pattern on the 12-hour chart, suggesting that if it can hold its current support, a move toward the $3,150–$3,400 range is likely. Today’s Market Drivers Institutional Inflows: Recent filings by Morgan Stanley for spot ETH ETFs have reversed previous outflows, injecting over $350 million back into the market. The "$4 Billion Wall": A massive supply cluster between $3,490 and $3,510 (where over 1.1 million ETH was previously bought) is acting as a major psychological "break-even" sell point for whales. Macro Environment: Expectations of continued Fed rate cuts and the potential passage of the CLARITY Act are providing a tailwind for risk assets. Professional Trading Zones Traders are currently eyeing these specific price levels for entries and exits: Zone Type,Price Level,Why? Primary Buy (Support),"$2,750 – $2,800",Major historical support and the bottom of the recent 16% correction. Secondary Buy (Aggressive),"$2,900","The current 23.6% Fibonacci retracement level; holds the ""double-bottom"" structure." Target Sell (Resistance 1),"$3,150",Immediate overhead resistance and the neck of the recent descending triangle. Major Sell (Resistance 2),"$3,400 – $3,500","The ""Bull Trap"" zone and the $4B cost-basis wall; heavy selling expected here." #CryptoMarketWatch $ETH ‌

#BREAKING BitMine has restaked 100,000 $ETH in the past 12 hours#Bitcoin $BTC