$ETH is Bullish rebound forming after an aggressive sell-off flushed price from 1,983 into the 1,935 demand zone where liquidity was taken and I’m seeing sellers losing momentum on the latest 15m candles with rejection wicks building at support which suggests smart money accumulation and a potential relief bounce setup.

Market read:

ETH just swept the intraday low at 1,935 and is stabilizing at a strong psychological and structural support while BTC is also holding its sweep zone, increasing the probability of a synchronized market bounce if ETH reclaims 1,955–1,965 with strength.

If buyers step in here and we get a strong 15m close above 1,960, downside pressure can unwind fast and trigger a short squeeze toward prior structure.

EP: 1,938 – 1,955

TP1: 1,983

TP2: 2,020

TP3: 2,080

SL: 1,905

Risk is clearly defined below the liquidity sweep low, and upside offers strong R:R if bulls defend this demand and reclaim short-term trend.

Momentum compression is visible after the impulse drop, and I’m positioning for the relief move while fear remains elevated.

Let’s go and Trade now $ETH