$ETH bullish base-building setup — strength forming after deep sweep

I’m starting bullish because price just flushed weak hands and immediately found real demand. That kind of reaction usually comes before a recovery move.

Reason

I’m seeing a sharp drop into a major demand zone near the recent low, followed by clear rejection. Sellers pushed hard, but continuation failed. Wicks and compression here tell me selling pressure is getting absorbed.

Market read

I’m reading this as a corrective dump inside a larger structure. The fast sell-off cleaned liquidity, trapped late shorts, and price is now stabilizing above the sweep area. If this base holds, upside expansion becomes the natural next step.

Entry point

Primary entry: 2,000 – 2,030

Safer entry: After a clean hold above 2,060

Target point

TP1: 2,120

TP2: 2,200

TP3: 2,320

Stop loss

1,960

A break and hold below this level invalidates my bullish idea.

How it’s possible

I’m seeing classic liquidity engineering. Price swept below recent lows, absorbed sell orders, and bounced quickly. If buyers continue defending this zone, momentum traders and short covering can fuel a move back toward previous supply levels.

Risk is defined. Structure is clear. I’m comfortable with this setup.

Let’s go and Trade now $ETH