$ETH looking bullish for a recovery bounce after this brutal correction across the market.

The recent dump wiped out a lot of late longs, and now price is sitting inside a major support zone where buyers could step in again.

I'm watching this level closely because Ethereum usually reacts aggressively after heavy liquidation candles like this.

Current structure: — Strong rejection from the $2380 resistance area

— Continuous lower highs showing short-term bearish pressure

— Price now testing strong support near $2160

— Selling momentum starting to stretch on the 4H timeframe

Trade Setup:

Entry Zone: $2175 - $2155

Targets: — $2225

— $2280

— $2340

Stop Loss: $2120

Why this move is possible: — Price reached a key historical reaction zone

— Consecutive red candles often lead to relief rallies

— Panic selling already flushed weak hands out

— If buyers reclaim $2200 cleanly, momentum can shift fast toward higher resistance zones

Risk: If $2120 breaks with strong bearish volume, then Ethereum could continue lower toward deeper support areas.

I'm waiting for buyer confirmation before increasing position size.

$ETH still looks strong on the higher timeframe if this support holds.

Trade now $ETH