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ETH is currently in the least favorable position in the market. Polymarket's up/down order book is around $3,096. Ethereum is currently holding this line, but trading volume is extremely light, with no follow-up selling pressure. This is not a sign of institutional dumping; on the contrary — it shows absorption.
The fact that the $3k level can continue to hold indicates there is enough buying support below. When the market direction is unclear, volatility drops sharply, yet prices remain firmly at key levels, it usually means that large funds are quietly building positions. A low-key but firm defense line is often more worth paying attention to than intense fluctuations.