$ETH just swept liquidity again from the lower range near 2,900. Sellers pushed price down, but they couldn’t extend it further. The reaction was quick and controlled. That tells me sell pressure is getting absorbed and buyers are still defending this zone. I’m seeing consolidation after a flush, not a breakdown.

Market read

Price made a short term lower low and reclaimed ground earlier, then pulled back in a controlled way. This is classic stop hunt behavior followed by compression. On lower timeframes, candles are tightening and volatility is cooling. That usually sets the stage for the next expansion. I’m not guessing. I’m trading the reaction.

Entry Point

2,930 to 2,960

This is the holding zone after the liquidity sweep. I’m comfortable building here as long as price stays above the recent low.

Target Point

TP1

3,020

TP2

3,120

TP3

3,260

These targets align with prior rejection zones and overhead supply. If momentum returns, price can move fast into these levels.

Stop Loss

Below 2,880

If price breaks and holds below this level, the setup is invalid. Simple and clean.

How it’s possible

Liquidity has already been taken and sellers failed to follow through. Buyers absorbed the dip and price is stabilizing. Bearish momentum is fading and structure is rebuilding. If volume steps in and price reclaims short term resistance, continuation becomes the higher probability path. I’m not chasing noise. I’m trading structure and reaction.

I’m in.

Let’s go and Trade now $ETH