$ETH is still trending bearish on the 1H, trading below key moving averages (MA7, MA25, MA99). Momentum remains weak after the sharp sell-off, but price is now sitting near a short-term demand zone around 2,880–2,920 where a technical bounce can occur.
Long Setup (Relief Bounce)
Entry: 2,880 – 2,920
Stop Loss: 2,820
Targets:
T1: 3,000
T2: 3,120
Stretch: 3,280–3,350 (only if momentum flips)
This is a counter-trend bounce. Trend bias stays bearish unless $ETH reclaims and holds above 3,000–3,050.
ETH
1,970.83
+1.07%