$ETH is showing signs of recovery after a sharp sell-off that shook out late longs and forced panic exits. Price is now stabilizing above a key reaction low, which makes this an interesting setup to watch.
Reason:
ETH fell quickly from the 3000 zone, hitting a liquidity sweep near 2900. That move cleared weak hands, and buyers immediately stepped in to defend the low. Selling momentum is slowing, and the structure is starting to favor a controlled bounce.
Market Read:
On lower timeframes, the downward impulse is complete. The bounce isn’t random—it’s coming from a demand zone where price previously expanded. I’m seeing higher lows forming, which usually sets the stage for a steady push higher.
Trade Setup (Long):
Entry: 2925 – 2950
Stop Loss: 2885
Targets: TP1: 3005 | TP2: 3070 | TP3: 3150
Why it works:
The move down was aggressive, clearing emotional traders. Now supply is reduced. If ETH holds above 2900 and continues printing higher lows, buyers can slowly push price back into the prior range. Breaking 3005 could attract momentum traders, fueling continuation.
I’m focused, risk is defined, and structure is clear.
Let’s go—Trade now $ETH.
