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$ETH is reacting after a sharp rejection from the $3,045 zone, and I’m treating this move as a controlled pullback, not weakness. Liquidity was taken near the highs, buyers failed to hold, and price is now sliding into a familiar demand area where previous accumulation started. This is the kind of reset I wait for.
I’m watching the 1H structure closely. Price moved down aggressively, but the sell candles are now shortening, which tells me momentum is slowing near support. This zone already proved itself before, and that’s why I’m interested here, not higher.
Entry Point
I’m planning my entry between $2,930 – $2,960. This is the demand area formed after the last strong push up, and I want to see price stabilize here before continuation.
Target Point
TP1: $3,010 – first resistance and quick reaction
TP2: $3,085 – previous high zone
TP3: $3,150 – expansion target if momentum builds
Stop Loss
My stop is below $2,885. A clean break below this level means the structure failed and I step aside.
How it’s possible
I’m taking this setup because the higher timeframe trend is still intact, the pullback cleared weak longs, and price is now sitting in a strong reaction zone. If buyers defend this area, a push back toward highs becomes very natural. Risk is tight and reward is worth it.
I’m staying patient, following structure, and letting the chart do the talking.
Let’s go and Trade now $ETH