$ETH /USDT — Compression After Sharp Sell-Off, Directional Move Loading
$ETH ereum dropped aggressively from the 3,170 area and found a solid reaction near 2,876, where buyers clearly defended the level. Since then, price has been moving sideways in a tight range around 2,950–2,980, showing consolidation rather than continuation to the downside. This kind of structure usually appears before a stronger directional move.
As long as ETH holds above the 2,900 support zone, downside pressure remains limited and a relief push toward higher resistance is possible. A clean break above the current range would confirm bullish continuation.
Trade Setup
Entry Zone: 2,930 – 2,970
Target 1: 3,050
Target 2: 3,120
Target 3: 3,200
Stop-Loss: 2,850
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ETH
2,808.27
-4.59%