intradaybounce

$ETH is attempting a short-term recovery after defending key intraday support

Price bounced from the 2,970 demand zone and is reclaiming EMA7 while compressing below EMA25/99, suggesting a relief bounce within a broader consolidation as selling pressure weakens near support.

🎯 Entry zone: LONG 2,970 - 2,995

TP1 3,030, TP2 3,070, TP3 3,120

🛑 Stop Loss 2,940

Bias remains cautiously bullish as long as price holds above 2,970; failure there invalidates the setup and signals continuation weakness.

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#ETH #ETHUSDT #IntradayBounce

$ETH is showing signs of a short-term recovery after successfully holding a key intraday support.
Price bounced from the 2,970 demand zone and is reclaiming EMA7 while consolidating below EMA25 and EMA99. This indicates weakening selling pressure near support and suggests a potential relief bounce within the broader range.
🎯 Entry Zone (LONG): 2,970 – 2,995
🎯 Targets:
TP1: 3,030
TP2: 3,070
TP3: 3,120
🛑 Stop Loss: 2,940
Bias remains cautiously bullish as long as
price holds above 2,970.
A break below this level would invalidate the setup and signal continued downside pressure.
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#ETH #ETHUSDT #IntradayBounce