Hello traders,,,,,,, take a close look at how price reacted here ...... after a sharp sell-off, $ETH found strong demand at the lower zone and snapped back aggressively. That impulsive bullish leg shifted momentum, and since then price has been consolidating near the highs instead of breaking down, which clearly shows buyers are still in control. This type of tight consolidation after a recovery usually signals continuation rather than reversal.
Trade Setup (Long Bias):
Entry Range: 2965 – 2990
Target 1: 3020
Target 2: 3055
Target 3: 3085
Stop Loss (SL): 2935
Market Outlook:
As long as ETH holds above the 2950–2960 support zone, the structure remains bullish. A clean push above the recent highs can open the door for another expansion toward the 3K+ area, while a breakdown below support would invalidate the setup. Trade with discipline and manage risk accordingly.
ETHUSDT
Prep
2,978.95
+1.71%