$ETH — local base forming after aggressive sell pressure. 📉

Long $ETH 🚀

Entry: 1940 – 1960
SL: 1915

TP1: 1985
TP2: 2020
TP3: 2065

The recent sharp flush cleared out weak hands. What's crucial now is the market's reaction: price stabilized instead of cascading lower. This shift from expansion to compression often signals that selling pressure is diminishing. 💡

On lower timeframes, downside momentum is clearly losing velocity. Each dip is being absorbed faster, and price action suggests a minor base is building, rather than printing fresh breakdowns. This indicates exhaustion over continuation. 📉➡️📈

This analysis isn't a long-term trend reversal call, but rather a reaction play targeting defended demand. With higher leverage, precision and stringent risk control are paramount. If SL: 1915 breaks cleanly, this trade idea becomes invalid. 🛡️

As long as this established base holds, our primary scenario anticipates a relief push towards nearby liquidity levels above.

Trade $ETH here 👇