$ETH bullish recovery setting up after sharp rejection

I'm seeing a classic reset here. Price pushed hard from 2250 to 2423, then got rejected and dropped fast. But instead of continuing down, it stabilized around 2300 and started moving sideways.

That tells me selling pressure is fading and buyers are quietly stepping back in.

Reason is simple. Strong move up, aggressive rejection, then absorption phase. This is where markets decide next direction.

Trade Setup

Entry

I'm watching 2290 to 2320 zone

Best entries come on dips with quick bounce

Stop Loss

I'm placing below 2240

If this breaks, structure turns weak

Targets

First target 2350

Second target 2400 to 2425

Third target 2500 plus if breakout confirms

How it's possible

I'm following structure and liquidity. Price already swept downside near 2250 and removed weak hands. The rejection from 2423 trapped late buyers, and now market is stabilizing.

This range around 2300 is compression. Compression leads to expansion.

Once price reclaims 2350 with strength, buyers gain control again and shorts start getting squeezed. That’s where continuation builds.

Right now I'm seeing base formation after a drop, not continuation down. As long as 2240 holds, bullish scenario stays valid.

I'm watching that reclaim of 2350. That’s the trigger for momentum.

Let’s go and trade now $ETH