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$ETH Looking Strong Here : Structure Still Intact And Momentum Building Again
I'm Seeing A Clean Uptrend Followed By A Sharp Pullback And Now Stabilization Around Support. This Doesn’t Look Like Breakdown, This Looks Like A Reset Before Continuation.
Reason Behind This Setup :
Liquidity Around 2,170 Already Swept
Sharp Drop Cleared Weak Hands
Price Holding Above 2,090 Support
Buyers Stepping Back In With Small Higher Lows
This Shows Bulls Are Still Active.
How It's Possible :
After A Strong Move Up, Market Needs To Shake Out Late Buyers. That Big Red Candle Did Exactly That. Now Price Is Moving Sideways Instead Of Dumping More.
This Type Of Compression Near Support Usually Leads To A Bounce If Buyers Stay Strong.
Trade Setup I'm Watching :
Entry Point : 2,090 To 2,120
Target Point :
First Target 2,170
Second Target 2,220
If Momentum Expands, 2,300 Is Possible
Stop Loss : 2,050
What I'm Watching :
If Price Holds Above 2,090 And Starts Printing Strong Green Candles, Bounce Gets Confirmed
If Volume Comes Back Near 2,170, Breakout Can Be Fast
I'm Watching This Closely For A Continuation Move As Long As Support Holds
Let’s Go And Trade Now $ETH
CryptoQuant says this development means an early bullish reversal.