Whales have reportedly scooped up over $360 million in ETH during this dip, which aligns perfectly with your 'selling pressure weakening' thesis. If we can hold above EMA7 and flip that EMA25/99 cluster, TP1 at $3,030 looks like the next logical magnet.

$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.

Trade ETH👇
#ETH #ETHUSDT #IntradayBounce
{future}(ETHUSDT)