Take a deep breath and look closely 👀 this one needs calm execution, not emotions.
$ETH just showed a strong impulse and then faced a sharp rejection from the upper zone. After that rejection, price pulled back and is now trying to stabilize near a short-term support area. You can see buyers stepping in slightly, but momentum is still mixed — this tells us the market is deciding its next direction. This kind of structure usually offers a clean reaction trade rather than a chase.
From a trading perspective, as long as price holds above the nearby support, a relief bounce is possible toward the previous rejection zone. However, failure to hold this area would quickly bring sellers back in. So the plan is simple: trade the level, not the noise.
trade setup (long)
entry:
3020 – 3035
targets:
3055
3075
3100
stop loss:
2990
outlook:
Bullish only if support holds. Break below support cancels the setup — patience and risk control are key here.
