$ETH reacting after a local rejection from 1,972.99 and printing a controlled pullback into short-term support.

Momentum cooled, but price is attempting to stabilize near the 1,940–1,950 demand zone.

EP

1,930–1,955

TP

TP1 1,975

TP2 2,000

TP3 2,040

SL

1,905

Liquidity was taken above the recent high, followed by distribution and a sharp correction. RSI is recovering from lower levels while MACD histogram shows fading bearish momentum. Price is compressing near support, signaling potential absorption and a structural bounce if buyers defend this level.

Let’s go $ETH 🚀