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$ETH is forming a bullish wedge after recovering from the sharp drop toward the $3,000 zone.
The buyers are steadily stepping back in, showing higher lows while price compresses under resistance.
A breakout from this wedge could drive momentum toward $3,180–$3,220.
However, failure to break out may lead to another retest of the $3,020 support.
Structure favors bulls, but confirmation is key.