$ETH showing a bullish bounce after tapping the $1,970 demand zone.

I’m watching this area closely because the market flushed into liquidity but immediately printed a recovery candle, indicating buyers are defending this level. When Ethereum holds this type of support after a sharp selloff, it often leads to a quick relief rally.

If ETH holds above this support, the next move could retest the short-term resistance levels above $2,050.

Entry Point (EP): $1,980 – $2,010

Target Points (TP):

TP1: $2,080

TP2: $2,150

TP3: $2,260

Stop Loss (SL): $1,940

If resistance starts breaking, Ethereum could quickly regain momentum and push toward the higher liquidity zones.

Let’s go and trade now $ETH