$ETH is currently making a healthy pullback after a volume increase, with a price drop accompanied by stable open interest, indicating a reset of long positions rather than a major sell-off by the institutions.
🎯 Direction: Long
🎯 Entry: 2920 - 2940
🛑 Stop Loss: 2870 (rigid stop loss)
🚀 Target 1: 3020
🚀 Target 2: 3120
$ETH is consolidating tightly above a key support area, with increased trading volume but no panic selling, indicating that buying is absorbing LTF profit-taking. Open interest has not significantly decreased, ruling out the possibility of a large-scale liquidation. The current pullback structure is corrective, and as long as the 2870-2900 demand zone remains intact, breaking above the previous high is a more probable path.
Trade here 👇$ETH
ETHUSDT
Perp
1,901.47
-12.31%
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