$ETH keeps putting in higher lows on every pullback. That's accumulation, not distribution. When you're stacking higher lows in a cycle uptrend, you're building a base for the next leg. This is classic mid-cycle behavior — weak hands shake out, strong hands accumulate the dip, and the trend reasserts. If you're reading the cycle right, these aren't dips to fear, they're rotation points to add. Watch for the breakout above recent highs and you've got confirmation that the higher-low structure is holding. Until it breaks down, this is constructive price action.