Ethereum$ETH bounced hard from $2,888 after sweeping liquidity and immediately reclaimed the EMA200. That is a powerful signal because ETH usually does not respect this level unless big money is stepping in. Buyers defended the dip aggressively and the market structure flipped back to bullish in just one candle.

This kind of recovery often marks the end of a correction phase. If ETH holds above $2,950, the next push can be fast and vertical.

EP: at $2,940 – $2,980

TP: $3,040 → $3,150 → $3,300

SL: below $2,880

As long as $ETH stays above $2,900 the bias remains strongly bullish. Break and hold above $3K will unlock explosive upside

ETH

2,946.72

-2.30%