#Tradewith $ETH
$ETH – Buyers Defending Support; Neutral-Bullish Bias
Long $ETH
Entry: 3,050 – 3,120 (key demand zone)
Stop Loss: 2,950
Take Profit Zones: 3,240 – 3,500 – 3,700+
Ethereum is currently testing important support around the lower $3,000s after recent consolidation, with buyers stepping in near higher lows instead of breaking down sharply. Price remains above key structural levels like major trend support and some longer-term moving averages, suggesting the broader trend hasn’t turned bearish.
The pullback from resistance near the mid-$3,000s has been corrective, with momentum indicators mixed but leaning constructive in the near term — implying digestion rather than distribution. As long as ETH holds above ~2,950, the probability favors continuation toward higher liquidity zones above.
Immediate resistance sits in the 3,240–3,350 area, and reclaiming these levels could open the path toward the 3,500 and 3,700+ zones — key target areas for upside extension.
Structure: Higher lows are holding on intraday to mid-term frames, with attempts to form higher highs if resistance breaks soon.
Bias: Neutral to bullish above 2,950.