💎 $ETH
: Panic Low Printed – Relief Bounce Loading
After a sharp flush, Ethereum is finally showing signs of stabilization. The "panic low" appears to be in, and $ETH is now building a solid base. While the broader market remains cautious, the on-chain data suggests significant absorption at these levels.
🔍 Market Analysis
Structure: Buyers are successfully defending the critical support zone. The lack of downside expansion after the initial dip is a classic sign of seller exhaustion.
Absorption vs. Distribution: Current price action looks more like accumulation. Bids are stepping in quickly on every minor drop, preventing further breakdown.
The Path Forward: As long as this local structure holds, the technical path toward a relief bounce is the cleanest play on the board.
⚡ The Trade Plan: LONG
Entry Zone: 1,960 – 2,000
Target 1: 2,080 (Local Resistance)
Target 2: 2,160
Target 3: 2,270 (Major Liquidity Sweep)
Stop Loss: 1,900
Trading Tip: Keep an eye on the $2,020 level. A clean hourly close above this will confirm the momentum shift and likely accelerate the move toward TP1.
Nabiha Noor
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