$ETH is showing signs of stabilization on the 1-hour chart after a sharp flush down to the $2,160 liquidity pool. The price is currently fighting to hold above the MA(7) and MA(25) cluster, while the RSI (6) climbs toward 68, indicating short-term bullish momentum building up.
If this consolidation holds, we could see a quick recovery bounce back toward the higher moving average dynamic resistance. However, remember that tight retail stops below $2,160 are an open invitation for a liquidity sweep before any massive reversal. Plan the risk accordingly.
Trade Setup
Entry Zone: $2,175 - $2,190
Take Profit 1 (TP1): $2,232
Take Profit 2 (TP2): $2,256
Stop Loss (SL): $2,152
Always manage your risk exposure and position sizing! What's your play here—long the bounce or waiting for a deeper sweep?
Let me know below! 👇
#ETH