$ETH : Key Support Defense & Recovery Setup 🛡️

Trading Setup: Long

Entry Zone: 3080.00 – 3120.00

SL: 3038.00

TP1: 3180.00

TP2: 3230.00

TP3: 3330.00

ETHUSDT

Perp

2,949.12

-6.39%

Technical Analysis

$ETH (Ethereum) is executing a critical defense of the $3,045 demand zone following a sharp corrective phase. The price action on the H4 timeframe is stabilizing, forming a potential base or "double bottom" structure as selling pressure noticeably wanes.

Outlook:
Momentum indicators are shifting favorably, with the RSI recovering from oversold lows and trending upward, signaling that value buyers are stepping in. As long as the price sustains above the $3,038 invalidation level (protecting the recent wick low), the setup favors a rotation back toward the overhead resistance at $3,180 and ultimately $3,330. $SOL