ETH Finds Its Bottom?

[bonk]

Ethereum briefly dipped to $2,870, its lowest since July, after Fed minutes sparked market-wide volatility.
But on-chain data shows heavy support at $2,800, where both retail and whales historically form market bottoms.
Whales holding 10,000+ ETH are accumulating, forced liquidations are shrinking, and shorts are stacking up — a setup that could trigger a short squeeze if ETH bounces.

[Nahid Hossen]

If this is the bottom, ETH might be setting up for a strong multi-week recovery rally.

[Abdul Khan]

Bottom formations are clearer in hindsight — but the structure here looks promising.