$ETH price dumped from the 3048 area and swept liquidity straight into the 2963 zone, where buyers stepped in immediately. That move cleared weak longs, cooled leverage, and price reclaimed intraday structure without hesitation. I’m seeing absorption after the sweep, not sellers taking control. The rebound is holding and structure is rebuilding cleanly.

I’m not chasing reactions. I’m waiting for structure to guide the move.

Market read

I’m watching a sharp selloff followed by higher lows and tight candles. Momentum slowed quickly and sellers failed to extend the drop. This tells me selling pressure already played out and buyers are quietly absorbing near value.

Entry Point

3000 to 3025

Target Point

TP1 3070

TP2 3140

TP3 3220

Stop Loss

Below 2950

How it’s possible

Liquidity was taken below the recent low near 2963, forcing weak hands out. After the sweep, price reclaimed the range and sellers could not push it lower again. When ETH holds above the reclaim zone like this, continuation toward higher levels becomes the natural path.

I’m not guessing. I’m reacting to what the chart is showing me.

Let’s go and Trade now $ETH