$ETH is showing signs of stabilization after a sharp pullback on the intraday timeframe. Price has found a base near the psychological $2,900–$2,950 zone, where repeated rejections to the downside and long lower wicks suggest buyers are actively defending this area. The structure is no longer aggressively bearish, and momentum now favors a potential relief bounce if support continues to hold.

As long as $ETH maintains above the $2,900 demand zone, upside continuation toward nearby resistance remains the higher-probability scenario rather than a breakdown.

Trade Setup (Long):

Entry Zone: $2,920 – $2,980

Stop Loss: $2,860

Targets:

TP1: $3,050

TP2: $3,150

TP3: $3,300

Bias remains cautiously bullish — avoid chasing green candles. Best opportunities come from pullbacks into support with confirmation.

Click below to take the trade

ETH

1,865.28

-3.91%