$ETH – Bullish reaction building after deep liquidity sweep into key demand.

I’m seeing a sharp rejection from 1,923 after aggressive downside pressure. That candle flushed late longs and tapped the 24H low, but sellers failed to extend lower. When price drops hard and instantly slows, I read it as absorption.

Market Read:

On the 1H structure:

Clear rejection from 2,039 high

Series of lower highs

Expansion dump candle into 1,923

Immediate stabilization above that level

I’m watching 1,920–1,930 as short-term demand. This zone is acting as intraday support. If it holds and price reclaims 1,950, momentum can shift quickly.

Key resistance levels:

1,955 minor reclaim

1,970 structure resistance

1,995–2,010 supply zone

If 1,955 flips into support, buyers gain control.

Full Trade Setup:

Entry Point:

1,938 – 1,950 after 1H close above 1,950 with strength

Target Point:

TP1: 1,970

TP2: 1,995

TP3: 2,020

Stop Loss:

1,910 below liquidity sweep level

Risk Logic:

I’m placing stop under 1,910 because if price breaks that with momentum, structure confirms continuation down and next leg toward 1,880 opens. I exit when invalidated.

How it’s possible:

The dump cleared liquidity under 1,930.

Volume expanded during panic.

Price stalled instead of cascading.

That suggests bigger buyers absorbing supply.

If buyers defend 1,920 and reclaim 1,955, short covering can fuel upside expansion. Once 1,970 breaks clean, move toward 2,000 becomes natural.

I’m not chasing spikes. I’m entering on confirmation with defined risk and clear structure.

If momentum builds with volume, upside continuation becomes high probability.

Let’s go and Trade now $ETH