$ETH
/USDT — Breakdown From Range, Support Now in Focus
ETH rejected from the 3,045 high and sold off aggressively, breaking below the SAR and losing the short-term range. Price is now hovering around 2,930, where selling pressure has slowed and candles are starting to compress. This looks like a momentum reset after rejection rather than full trend failure, but $ETH must defend the 2,900–2,920 zone to avoid continuation lower. A reclaim above 2,980–3,000 would be the first signal that buyers are regaining control; otherwise, consolidation or another sweep lower remains possible.
Trade Setup
Direction: Reactive Long
Entry Zone: 2,900 – 2,940
Target 1: 2,980
Target 2: 3,030
Target 3: 3,100
Stop Loss: 2,860
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