$ETH is consolidating above the 1,970–1,960 support zone after a sharp pullback from the 2,039 resistance level. The presence of long lower wicks indicates strong buying interest on dips, suggesting that sellers are losing momentum near this demand area.

Price is forming a short-term base on the 15m timeframe and attempting to stabilize above the previous reaction zone. A sustained move above 1,995–2,000 would confirm bullish continuation and open the path toward the prior high region.

Trade Setup

Entry Range: 1,970 – 1,990

Target 1: 2,010

Target 2: 2,030

Target 3: 2,050

Stop Loss: 1,950

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