$ETH is holding a strong 15m recovery, but now price is sitting right under decision level.
Current price is around $2,059.23 after bouncing from $2,027.35 and pushing into rejection near $2,068.68. The move was sharp, but ETH is now cooling near the top instead of breaking cleanly. This is where momentum either reloads or fades.
24h High: $2,130.00
24h Low: $2,009.30
24h Volume: 640.75M USDT
Order Book: 77.10% bid pressure vs 22.90% ask
Buyers still have control on the book, but ETH needs to reclaim $2,061–$2,068 with strength. If it holds above $2,052–$2,056, the structure stays alive for another push.
Trade Setup
Entry Zone: $2,056 – $2,060
Target 1: $2,068 🎯
Target 2: $2,080 🚀
Target 3: $2,100 🔥
Stop Loss: $2,048
Above $2,068, ETH can accelerate toward the next liquidity zone. Lose $2,048, and the setup weakens back toward $2,043–$2,034.
$ETH is not dead here. It is compressing after the bounce, and one clean candle above resistance can flip this into continuation fast.
