$ETH
📊 Market Structure
Current Price: ~2,978
24H Range: ~2,772 → 3,030
Structure: Range → bullish recovery
ETH made a V-shaped recovery from 2,772 demand and is now trading near range resistance.
🔍 Key Technical Observations
Strong impulsive move from 2,770 → 2,980 → confirms buyers’ strength
Price now sitting just below 3,000 psychological resistance
RSI ~63 → healthy bullish momentum (not overbought yet)
Volume expansion on the bounce → real demand, not just a weak retrace
🔑 Key Levels
Support Zones
2,950–2,960 → Immediate intraday support
2,900–2,920 → Strong demand zone
2,770–2,780 → Major range low (invalidates bullish bias if broken)
Resistance Zones
3,000–3,030 → Strong supply + prior rejection
3,080–3,120 → Next breakout target zone
🟢 Long Trade Setups
✅ Setup 1: Pullback Long (High Probability)
Entry: 2,950–2,960
Stop-Loss: 2,920
Targets:
🎯 T1: 3,000
🎯 T2: 3,030
🎯 T3: 3,080
Risk : Reward: ~1 : 2.5
Logic: Higher low + demand retest in bullish structure
✅ Setup 2: Breakout Long (Momentum)
Entry: 3,035+ (1H candle close)
Stop-Loss: 2,990
Targets:
🎯 T1: 3,080
🎯 T2: 3,120–3,150
Logic: Range high breakout + continuation
🔴 Short Trade Setup (Only at Rejection)
⚠️ Counter-trend → take partials fast
Entry: 3,000–3,030 (bearish rejection / long upper wick)
Stop-Loss: 3,060
Targets:
🎯 T1: 2,960
🎯 T2: 2,920
Logic: Supply zone rejection + liquidity grab above 3k
🧠 Price Action Logic
ETH is bullish above 2,920
Best trades:
Pullback longs into demand
Breakout longs only on confirmed close
Avoid chasing longs directly at 3,000
📈 Probability Assessment
Pullback Long: ⭐⭐⭐⭐☆ (70%)
Breakout Long: ⭐⭐⭐☆☆ (60–65%)
Rejection Short: ⭐⭐⭐☆☆ (55–60%)