Ethereum is showing signs of testing the $3,000 support zone in the near term. What's interesting here is the accumulation of buy orders sitting around that level—suggesting institutional or smart money might be waiting for a dip to enter positions. A bounce back from there seems pretty probable.

That said, don't be surprised if we see a deeper move first. A sweep through the $2,960-$3,000 support band before the next leg up is looking highly plausible based on the current order flow. This kind of liquidity hunt is typical before major rallies kick off. Traders watching this zone should keep an eye on volume confirmation when it happens.