Looking at the chart we can see that ETH has been playing around in this previous demand zone (pivot zone) for some time now. There has been no fast reaction upwards which indicates to me that buying power is low and has already been exhausted in previous months/years.
Head and shoulders on ETH looks like it's going to win the bull/bear battle. I think it's gonna plow through the demand zones soon and take ETH down to around 500USDT so that Smart Money can load up and market the shit out of it to create mass adoption.
Is this a conspiracy? Sure. What would you do if you had a majority stake (market-moving amounts) in a coin and wanted to make big money?
Lmk what you think. Safe trading everyone. NFA, DYOR.