$ETH Showing Strength Above Key Support — Bounce Setup 📈
Long Trade Signal (Scalping):
Entry 1: 2950 – 2925
Entry 2: 2895 – 2870
TP1: 3020
TP2: 3085
TP3: 3160
SL: 2820
Leverage: 15–30x (keep risk controlled)
Open Trade in Future👇🏻
Spot Traders:
Spot buyers can start accumulating near the lower support zone and add more on dips. ETH remains a strong large-cap for recovery moves.
Why This Trade
ETH already made a clean downside sweep and buyers defended the 2880–2900 zone strongly. After that move, price bounced fast and is now holding above the short-term base instead of collapsing again. That tells us sellers are losing control.
On lower timeframes, ETH is forming higher lows, showing demand is stepping in early. This is not the area to chase shorts because risk is high near support. The better play here is to long pullbacks, not green candles.
As long as $ETH stays above the demand zone, the probability favors a continuation toward higher resistance levels.
Key Levels to Watch
Support Zones:
• 2950 – 2920 (intraday demand)
• 2895 – 2850 (strong support zone)
Resistance Zones:
• 3020 – 3085 (short-term supply)
• 3160 – 3250 (major resistance)
If ETH breaks and holds above the first resistance, momentum can accelerate quickly.
Trade patiently, protect capital, and trail stops once TP1 is secured.
And honestly, if you’re not following Token Talk, you’re making a mistake — these $ETH setups don’t wait.