ETH Is Carving a Bottom: The Trade Setup
The price action on Ethereum ($ETH ) is beginning to show real resilience as it stabilizes around the 2,108.92 level. After a volatile start to 2026, we are seeing a clear technical shift: the aggressive selling pressure has dried up, and a foundational support base is forming.
By holding firmly above key moving averages, ETH is signaling that the path of least resistance has tilted back to the upside. Buyers are consistently stepping in on every minor dip, absorbing liquidity and preventing any further structural breakdown.
The momentum oscillators are currently in a "Goldilocks" zone strong enough to show buyer conviction, but not yet overextended or exhausted.
This creates a high-probability compression → expansion setup.
We are watching the 2,100 psychological level closely; as long as the bulls defend this territory, the technical bias remains firmly "up only." The current coiling action suggests a violent breakout is brewing as shorts get squeezed out and sidelined capital begins to chase the move.
Trade Execution Signal: LONG
* Entry Zone: 2,105 – 2,115
* Primary Target: 2,130
* Secondary Target: 2,150
* Stop Loss: Below 2,090
February has historically been a recovery month for ETH. With on-chain active addresses surging and transaction fees hitting multi-year lows, the fundamental utility is finally catching up with the price.