$ETH BULLISH RECOVERY MOMENTUM CONSOLIDATION NEAR RESISTANCE BREAKOUT CONTINUATION SETUP
is currently showing a short-term bullish recovery with +1.75% daily gain after defending key support zones. Price is consolidating just below resistance, indicating potential accumulation before a decisive breakout move. However, broader higher-timeframe structure still requires confirmation due to recent multi-week weakness.
The market is trading inside a defined range between support and resistance, and a breakout above the upper boundary could trigger continuation toward higher liquidity zones.
LONG SETUP (BULLISH BREAKOUT SCENARIO)
Entry: Breakout above 2147.96 with strong volume and retest confirmation
TP1: Immediate resistance extension above breakout level
TP2: Mid-range liquidity zone around prior distribution area
TP3: Extended bullish continuation zone near higher timeframe supply
STOP LOSS: Below 2055.41 support or last structural higher low
RISK MANAGEMENT
Risk 1–2% per trade, avoid chasing breakout candles, wait for retest confirmation, and scale out profits gradually at each target level.