$ETH just bounced straight from that 3297 zone and I’m watching how price reacted without hesitation after tagging the same demand area that pushed the earlier breakout which tells me buyers are still protecting this level. I’m seeing how the lower wick shows rejection and that usually signals that sellers failed to continue the drop and the chart wants a relief leg back toward the previous reaction point near the top wick. The candles are starting to print green follow ups and that kind of shift often brings a short term climb when demand steps in at the same place.

Entry Point

3310 to 3328

Target Point

TP1 3360

TP2 3405

TP3 3455

Stop Loss

3285

I’m focused on this setup because fast rebounds from a clear support zone usually lead to a momentum push especially if price keeps closing above the recovery levels and forms higher lows. It’s possible when sellers get trapped at the bottom and buyers use that wick as a launch point for the next leg.

Let’s go and Trade now $ETH