$ETH is bullish and momentum is building because price exploded from 1,933 to 2,107 and is now holding above 2,050 instead of giving back gains, showing buyers are defending structure aggressively.

I’m seeing a strong bullish continuation setup on the 1H chart. We had a powerful impulse leg from 1,933 to 2,107, followed by a controlled pullback that respected 2,040–2,060. That tells me this is healthy consolidation, not distribution. Higher lows are forming and pressure is building under resistance.

Market Read:

Price is trading around 2,088 after tapping 2,107. The rejection from the high was brief and shallow. Structure remains bullish with higher highs and higher lows. If 2,050 holds as support, continuation toward new highs is very likely.

Entry Point:

I’m interested in 2,070–2,090 during this consolidation.

If price dips into 2,045–2,060 and shows strong rejection wicks, that becomes my stronger secondary entry.

Target Point:

TP1: 2,107 (recent high retest)

TP2: 2,160 (breakout expansion level)

TP3: 2,220 (measured move projection from the 1,933 base impulse)

Stop Loss:

Below 2,035 (structure invalidation level).

A close below this zone breaks the higher-low pattern and weakens bullish continuation.

How it’s possible:

The explosive move from 1,933 to 2,107 created strong upside momentum. Instead of reversing sharply, price compressed under resistance while holding above 2,050. That shows supply is being absorbed. Sellers failed to push price back below key support. Once 2,107 breaks with volume, liquidity above that level can accelerate the move toward 2,160 and potentially 2,220.

I’m staying aligned with the structure as long as higher lows remain intact. Momentum favors the upside while support holds.

Let’s go and Trade now $ETH