If $ETH continues absorbing selling pressure at this level, the next move could punish late short positions.

$ETH - LONG

Trade Plan:

Entry: 2173.53713 – 2183.15956

SL: 2149.48105

TP1: 2207.21565

TP2: 2216.83808

TP3: 2236.08294

Why this setup?

The 4h chart is forming a LONG setup, despite the bearish daily context. Focus remains on the reaction near 2173.53713–2183.15956 (mid 2178.34835), not market noise. RSI 15m at 79 still supports upside, though elevated momentum requires follow-through. 15m volume of 182.29K versus a 154.38K quarter-hour baseline (1.18x) shows sufficient participation for a sustained move.

Holding above 2149.48105 keeps 2207.21565 as the initial target. Should the move accelerate beyond consolidation, 2236.08294 becomes the extension zone.

Debate:

Is this the genuine reversal, or merely a trap before the downtrend resumes?

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