$ETH Bullish trap setup forming after aggressive rejection
I'm seeing a clear reason behind this move
Price pushed hard into 2400 zone, grabbed liquidity, then dumped fast. That’s a classic trap move. Buyers chased the breakout and got caught, but the drop didn’t continue aggressively
Now price is sitting near 2300 support and holding, which tells me selling pressure is getting absorbed
What I'm seeing
Strong push into highs followed by sharp rejection
No continuation to the downside after the dump
Price stabilizing around previous demand zone
Range forming again between 2300 and 2400
Liquidity still sitting above 2420
Full Trade Setup
Entry 2295 to 2320
I'm entering in this support area where buyers are defending
Target 1 2360
Target 2 2420
Target 3 2500
Stop Loss 2260
How it's possible
I'm looking at a typical liquidity play
Breakout above resistance attracts buyers
Smart money uses that liquidity to exit and reverse
Price pulls back into demand
Weak hands get shaken out
Then market reclaims and pushes higher again
When price drops fast but fails to continue lower, it usually means sellers are running out of strength
This sets up a move back toward the highs
Final thought
I'm watching for reclaim above 2350
If that flips clean we get momentum
This is a reset before expansion
I'm leaning bullish here
Let’s go and trade now $ETH
I'm seeing a clear reason behind this move
Price pushed hard into 2400 zone, grabbed liquidity, then dumped fast. That’s a classic trap move. Buyers chased the breakout and got caught, but the drop didn’t continue aggressively
Now price is sitting near 2300 support and holding, which tells me selling pressure is getting absorbed
What I'm seeing
Strong push into highs followed by sharp rejection
No continuation to the downside after the dump
Price stabilizing around previous demand zone
Range forming again between 2300 and 2400
Liquidity still sitting above 2420
Full Trade Setup
Entry 2295 to 2320
I'm entering in this support area where buyers are defending
Target 1 2360
Target 2 2420
Target 3 2500
Stop Loss 2260
How it's possible
I'm looking at a typical liquidity play
Breakout above resistance attracts buyers
Smart money uses that liquidity to exit and reverse
Price pulls back into demand
Weak hands get shaken out
Then market reclaims and pushes higher again
When price drops fast but fails to continue lower, it usually means sellers are running out of strength
This sets up a move back toward the highs
Final thought
I'm watching for reclaim above 2350
If that flips clean we get momentum
This is a reset before expansion
I'm leaning bullish here
Let’s go and trade now $ETH