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Ethereum is compressing inside a bullish pennant after a strong impulsive move from the lows.
This is classic trend continuation behavior, not distribution.
A decisive close above 3,000–3,020 should trigger momentum expansion toward 3,080 → 3,150+
If price loses 2,920, the pennant fails and we may revisit 2,880–2,850.
$ETH is not weak here — it’s coiling.
Stay patient. Let price confirm.