bullish setup

Ethereum is in full‑blown damage‑control mode. By Friday, Ether (ETH) had plunged to the $2,700–$2,800 range, extending a brutal correction that has wiped roughly 35–40% off the second‑largest crypto asset since early October highs near $4,700. crypto.news+3Trefis+3Forbes+3 At the same time, spot Ethereum ETFs are seeing record redemptions, DeFi and corporate treasuries are sitting on billions in unrealized losses, and derivatives markets are being hit with wave after wave of forced liquidations. Crypto Basic+4The Economic Times+4CoinDesk+4 Yet under the surface, on‑chain data and market structure hint that this violent reset may also be laying the groundwork for Ethereum’s next major