$ETH just went through a healthy correction after the recent upward move. Corrections like this are normal—they relieve overextended shorts and allow the market to consolidate. I’m watching closely because price is approaching a key reaction area.

Trade Setup:

Entry Zone: $2960–$2965

Target 1: $2948

Target 2: $2935

Stop Loss: $2972

This zone is strong because it aligns with previous support and the 0.382 Fibonacci retracement from the last swing high. Price has reacted here before, making it an area where sellers may lose momentum. If this level holds, they’re building strength for the next move.

I’m watching the $2960–$2965 area carefully—this is where the short liquidations occurred, and it could act as a pivot for the next directional move.