$ETH saw a sizable long liquidation near 2972 after failing to sustain momentum above resistance. The liquidation removed excess leverage, and selling pressure softened shortly after, pointing to a corrective reset rather than structural breakdown. If ETH stabilizes above demand and reclaims structure, a recovery rotation toward higher levels remains likely.
EP: 2920 – 2980
TP: 3080 / 3200 / 3350
SL: 2860
Mean-reversion recovery setup with controlled risk and conditional upside.
ETHUSDT
Prep
2,950.93
-2.38%