$ETH is trading right above the 1,970-1,975 support zone where buyers have repeatedly stepped in to slow the decline. Despite several attempts to bounce, every recovery has been capped near the 1,990-2,000 area, showing that sellers are still active. On the 15m timeframe, price is starting to build a short-term base, while the repeated wicks into support suggest liquidity absorption and reduced selling pressure around the lows.
Entry Point
1,970 - 1,980
Target Point
TP1: 1,995
TP2: 2,020
TP3: 2,050
Stop Loss
1,958
This setup can work because ETH is holding a key reaction zone while downside momentum is slowing. The lower timeframe structure is attempting to form higher lows, and recent candles show buyers defending support despite broader weakness. A move back above 2,000 could trigger fresh momentum as trapped sellers unwind and breakout pressure starts building toward higher resistance levels.