$ETH I’m watching this move after a deep liquidity sweep into 2891 and a powerful impulsive breakout.

Reason

I’m seeing sellers completely lose control after pushing price down hard. The sharp rejection from the lows tells me panic selling got absorbed fast and strong buyers stepped in with confidence.

Market read

On the 15m chart, liquidity was taken below 2900 and price reversed instantly. The move toward 2994 was vertical and aggressive. This is not a slow recovery. The current pause looks like absorption, not distribution. Short term structure is clearly bullish.

Entry point

I’m looking to enter between 2950 and 2985 on a controlled pullback into the breakout zone.

Target point

TP1 3050

TP2 3150

TP3 3300

These levels align with psychological zones and upside liquidity areas.

Stop loss

2870

If price breaks and holds below this level, the setup fails and I’m out.

How it’s possible

Liquidity below 2900 is taken, weak hands are flushed, and price reclaimed the range with strong momentum. As long as buyers defend this breakout area, continuation toward higher levels is very possible.

I’m staying focused and trading what price confirms.

Let’s go and Trade now $ETH