ETH is in the most uncomfortable position in the market. The Polymarket price ladder around $3,096 shows that Ethereum is holding this line, but volume is extremely thin with no follow-through selling pressure. This is not a signal of institutional distribution—quite the opposite—this is accumulation.

The continued defense of the $3k level indicates sufficient buying support below. When market direction is unclear, volatility plummets, yet the price remains firmly anchored at key levels, it typically means big money is quietly accumulating. A subdued but firm defense line often deserves more attention than violent fluctuations.