$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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ETHUSDT
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+3.26%