$ETH /USDT – Bullish Breakout Setup

A long liquidation at $2,967.46 ($2.96K) has cleared weak leverage, often acting as a reset that gives bulls room to regain control.

Key Levels

Support: $2,970 – $2,900

Breakout Zone: $3,040 – $3,080

Resistance: $3,150 – $3,250

Trade Setup (Long Bias)

Entry: Hold above $2,970, or confirmed break & acceptance over $3,080

Targets:

TP1: $3,150

TP2: $3,250

TP3: $3,420

Stop Loss: Below $2,880

Market Sentiment

Liquidation sweep reduced downside pressure and refreshed positioning. A strong reclaim of the breakout zone with volume favors bullish continuation toward higher liquidity levels.

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$ETH

ETH

1,965.54

+1.30%